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ATV Co. began operations on March 1 and uses a perpetual inventory system. It entered into purchases and sales for March as shown in the

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ATV Co. began operations on March 1 and uses a perpetual inventory system. It entered into purchases and sales for March as shown in the Tableau Dashboard March Thursday Friday Saturday Sunday Monday Legend No Purchases or Sal.. Purchases Sales 2 3 3 5 6 7 8 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 March 1: Purchase 100 units, $50 each March 5: Purchase 400 units, $55 each March 9: Sales 420 units, $85 each March 18: Purchase 120 units, $60 each March 25: Purchase 200 units, $62 each March 29: Sales 160 units, $95 each Cost of Goods Sold Ending Inventory Required Required 2 Required 3 Compute the cost assigned to ending inventory using FIFO. Periodic FIFO Cost of Goods Available for Sale Cost of of Date Cost per Goods units unit Available for Sale March 1 100 $ 50.00 $ 5,000 March 5 400$ 55.00 22.000 March 18 120$ 60.00 7.200 March 25 200$ 62.00 12.400 Total 820 46,600 of units sold Cost per unit Cost of Goods Sold of units In ending Inventory Cost per unit Ending Inventory $ $ 0 0 OR 0 100 $ 50.00 500 $ 55.00 200 $ 60.00 400 3 3 62.00 1.200 5,000 27,500 12,000 24,800 69,300 0 o 0 $ Required 1 Requed 2 Required 3 Ending Inventory Compute the cost assigned to ending inventory using LIFO. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Date # of units Cost per Goods # of units Cost of Cost per unit Available sold Goods unit Sold for Sale March 1 100 $ 50.00 $ 5,000 0 March 5 s 55.00 22.000 0 % March 18 S 60.00 7,200 0 March 25 200$ 62.00 12,400 Total 820 $ 46,600 0 # of units in ending inventory Cost per unit Ending Inventory 400 120 OOOO 100$ 50.00 500 S 55.00 200 $ 60.00 400 $ 62.00 1,200 $ 5.000 27,500 12,000 24,800 $ 69,300 0 Required 1 Required 2 tequired 3 Compute the cost assigned to ending inventory using Weighted Average. (Round average cost per unit to 2 decimal places.) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of # of # of Date Goods Average Cost of # of units Average units Cost Available units Cost Goods in ending Cost Ending per unit sold for Sale per Unit Sold inventory Inventory March 1 100 $ 5,000.00 March 5 400 $ 22,000.00 March 18 120 $ 7,200.00 March 25 200 $ 12,400.00 Total 820 $ 46,600.00 0 1,200 $ per unit OOO OOOO 580 0

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