B 2 A. Compute COGS and Ending Inventory balances using the Perpetual Method and each of the following 3 cost flow assumptions (FIFO & LIFOJ: (The 4 bold boxes below will be graded!) 4 Perpetual Method: Ending Inventory FIFO LIFO Units Unit Price Total Cost FIFO Bal LIFO Bal 6 1-Jun Beg Inventory 300 $ 10.00 $ 3,000 4-Jun Purchases 450 $ 12.00 $ 5,400 8 9-Jun Sales 500 14-Jun Purchases 250 $ 14.00 $ 3,500 50 15-Jun Purchases 250 S 15.00 $ 3,750 11 23-Jun Sales 600 22 30-Jun Purchases 225 $ 16.00 $ 3,600 12 Total Inven avail. For sale EOP (End of Period) inventory 1,475 375 $ 19,250 $ 14 15 16 17 10 19 20 COGS (Cost of Goods Sold) 1.100 21 Periodic Method 22 Compute COGS and Ending Inventory balances using the Periodic Method and each of the following cost flow assumptions (FIFO, LIFO & Wtd Average (The 6 bold boxes below will be grade) Ending Inventory FIFO LIFO Units Unit Price Total Cost FIFO Bal LIFO Bal Wtd Avg bal 1-Jun Beg loventory 300 $ 10.00 $ 3,000 4-Jun Purchases 450 $ 12.00 5 5 400 14.Jun Purchases 250 $ 14.00 $ 3.500 15-Jun Purchases 250 $ 15.00 $ 3,750 30-Jun Purchases 225 $ 16.00 $ 3.600 24 30 Total inven avait For sale EOP End of Period) Inventory 1.475 519 250 375 B 2 A. Compute COGS and Ending Inventory balances using the Perpetual Method and each of the following 3 cost flow assumptions (FIFO & LIFOJ: (The 4 bold boxes below will be graded!) 4 Perpetual Method: Ending Inventory FIFO LIFO Units Unit Price Total Cost FIFO Bal LIFO Bal 6 1-Jun Beg Inventory 300 $ 10.00 $ 3,000 4-Jun Purchases 450 $ 12.00 $ 5,400 8 9-Jun Sales 500 14-Jun Purchases 250 $ 14.00 $ 3,500 50 15-Jun Purchases 250 S 15.00 $ 3,750 11 23-Jun Sales 600 22 30-Jun Purchases 225 $ 16.00 $ 3,600 12 Total Inven avail. For sale EOP (End of Period) inventory 1,475 375 $ 19,250 $ 14 15 16 17 10 19 20 COGS (Cost of Goods Sold) 1.100 21 Periodic Method 22 Compute COGS and Ending Inventory balances using the Periodic Method and each of the following cost flow assumptions (FIFO, LIFO & Wtd Average (The 6 bold boxes below will be grade) Ending Inventory FIFO LIFO Units Unit Price Total Cost FIFO Bal LIFO Bal Wtd Avg bal 1-Jun Beg loventory 300 $ 10.00 $ 3,000 4-Jun Purchases 450 $ 12.00 5 5 400 14.Jun Purchases 250 $ 14.00 $ 3.500 15-Jun Purchases 250 $ 15.00 $ 3,750 30-Jun Purchases 225 $ 16.00 $ 3.600 24 30 Total inven avait For sale EOP End of Period) Inventory 1.475 519 250 375