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Based on the data set below, complete the following chart. Show your work below the problem. Round your calculations to two decimal places if necessary.
Based on the data set below, complete the following chart. Show your work below the problem. Round your calculations to two decimal places if necessary. In the chart provided below, enter the dollar value of the Ending Inventory and Cost of Goods Sold under the Inventory Valuation Methods listed: For the Month of October, 2020: Ending Inventory 7,000 units $ Value Cost of Goods Sold 9,000 units $ Value FIFO, Periodic System LIFO, Periodic System LIFO, Perpetual System Average Cost, Periodic System Average Cost, Perpetual System Cost of Goods Available 16,000 units $ Value $ 116,000 $ 116,000 $ 116,000 $ 116,000 $ 116,000 (immaterial differences due to rounding are fine) Units Data Set: 10/1/20 Beginning Inventory 10/9/20 Purchases 10/22/20 Purchases Total Goods Available 2,000 $ 8,000 $ 6,000 $ 16,000 Per Unit Cost 6.00 $ 7.00 $ 8.00 $ $ Total Cost 12,000 56,000 48,000 116,000 Units Sold Sales: 10/15/20 Sales 10/25/20 Sales Total Units Sold 5,000 4,000 9,000
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