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ATV Company began operations on March 1 and uses a perpetual inventory system. It entered into purchases and sales for March as shown in the
ATV Company 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 Sunday Monday Tuesday Wednesday Thursday Friday Saturday Legend No Purchases or Sales Purchases Sales 1 N 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using LIFO. Compute the cost assigned to ending inventory using Weighted Average. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost per units unit 100 @ $ 50.00 Date Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold # of units Inventory Balance Cost per unit Inventory Balance $ 50.00 $ 5,000.00 March 1 100 @ March 5 March 9 March 18 March 25 Required 1 Required 2 Required Required 3 Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Inventory Balance Date Goods Purchased # of units Cost per unit 100 @ $ 50.00 # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance March 1 100 @ $ 50.00 $ 5,000.00 March 5 March 9 March 18 March 25 March 29 Required 1 Required 2 Required 3 Required 3 Compute the cost assigned to ending inventory using Weighted Average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units sold Cost per unit Cost of Goods Sold # of units 100 @ # of units Cost per unit $ 50.00 Cost per unit Inventory Balanc $ 50.00 = $ 5,000. March 1 100 @ March 5 Average March 9 March 18 Average March 25 March 29 Totals
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