Brief Exercise 6A-4 The following is a record of Windsor Company's transactions for the month of May 2017 May 1 12 Balance 410 units @ $22 Purchase 570 units @ $25 May 10 20 Sale 300 units @ $39 Sale 510 units @ $39 Compute the cost of ending inventory using the moving-average method. (Round average cost per unit to 3 decimal places, Ending inventory $ LINK TO TEXT Brief Exercise 6A-3 The following is a record of Teal Company's transactions for the month of May 2017. May 1 12 Balance 360 units @ $19 Purchase 620 units @ $27 May 10 20 Sale 250 units @ $39 Sale 570 units @ $39 Compute the ending inventory under the perpetual system using FIFO and LIFO. FIFO LIFO Ending inventory $ LINK TO TEXT Brief Exercise 6A-5 a-c Pearl Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price $10 54 May 7 July 28 31 On June 1, Pearl sold 28 units, and on August 27, 44 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 June 1 $ $ July 28 $ Aug. 27 $ LINK TO TEXT Exercise 6A-6a-c Cheyenne Company is a multiproduct that uses the perpetual inventory system. Presented below is information concerning one of its products, the Hawkeye. Quantity Price/Cost 910 Date Jan. 1 Feb. 4 Feb. 20 Apr.2 May 4 Transaction Beginning inventory Purchase Sale Purchase Sale 1.520 2,275 2.002 Compute cost of goods sold under FIFO. Cost of goods sold Ending inventory LINK TO TEXT Problem 6A-9A a You are provided with the following information for Splish Inc. for the month ended June 30, 2017. Splish uses the periodic method for inventory. Quantity Unit Cost or Selling Price 42 Date June 1 June 4 June 10 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Purchase Sale Purchase 136 113 (a) Calculate (1) ending inventory, (II) cost of goods sold, (II) gross profit, and (iv) gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average unit cost, ending inventory, cost of goods sold and gross profit under average-cost Round gross profit rate to 1 decimal place, e.g. 21.5%.) LIFO FIFO Average-Cost Ending Inventory $ Cost of goods sold $ Gross profit Gross profit rate LINK TO TEXT