Brown Office Supplies distributes office furniture. The company's fiscal year ends on December 31 each. (Click the icon to view the purchase and sale information.) Required 1. Determine the cost of the department's ending inventory at December 31, 2014, under (a) weigh cost of goods sold at the end of each quarter. 2. Prepare the department's income statement for the quarter ended December 31, 2014, under eac Requirement 1. Determine the cost of the department's ending inventory at December 31, 2014, und and determines cost of goods sold at the end of each quarter. (Use the cost per unit method when nearest whole dollar.) (a) The cost of the department's ending inventory at December 31, 2014, under weighted average is (b) The cost of the department's ending inventory at December 31, 2014, under FIFO is $ Requirement 2. Prepare the department's income statement for the quarter ended December 31, 201- Prepare the income statement under each method described in Requirement 1. Begin with weighted av nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next question Type here to search ESC s 7 2 3 4 5 6 sab W E Little Mexico Leather a distributor of leather products, uses the FIFO method for valuing inventories. It be inventory transactions: (Click the icon to view the transactions.) Required 1. Prepare a perpetual inventory record for this item. 2. Determine the store's cost of goods sold for October 3. Compute gross margin for October Requirement 1. Prepare a perpetual inventory record using the FIFO method. (For the inventory on hanc out layer of inventory first.) Leather Product Purchases Date Cost of Goods Sold OTY Unit Cost Tol Cost OTY Unit Cost Tot. Cost Inventory on OTY Unicht Oct 1 Oct 3 Enter any number in the edit fields and then continue to the next question Type here to search O 5 7 2 3 4 5 6 fab w E R Y Cops lock 4 S D F G Brown Office Supplies distributes office furniture. The company's fiscal year ends on December 31 each. (Click the icon to view the purchase and sale information.) Required 1. Determine the cost of the department's ending inventory at December 31, 2014, under (a) weigh cost of goods sold at the end of each quarter. 2. Prepare the department's income statement for the quarter ended December 31, 2014, under eac Requirement 1. Determine the cost of the department's ending inventory at December 31, 2014, und and determines cost of goods sold at the end of each quarter. (Use the cost per unit method when nearest whole dollar.) (a) The cost of the department's ending inventory at December 31, 2014, under weighted average is (b) The cost of the department's ending inventory at December 31, 2014, under FIFO is $ Requirement 2. Prepare the department's income statement for the quarter ended December 31, 201- Prepare the income statement under each method described in Requirement 1. Begin with weighted av nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next question Type here to search ESC s 7 2 3 4 5 6 sab W E Little Mexico Leather a distributor of leather products, uses the FIFO method for valuing inventories. It be inventory transactions: (Click the icon to view the transactions.) Required 1. Prepare a perpetual inventory record for this item. 2. Determine the store's cost of goods sold for October 3. Compute gross margin for October Requirement 1. Prepare a perpetual inventory record using the FIFO method. (For the inventory on hanc out layer of inventory first.) Leather Product Purchases Date Cost of Goods Sold OTY Unit Cost Tol Cost OTY Unit Cost Tot. Cost Inventory on OTY Unicht Oct 1 Oct 3 Enter any number in the edit fields and then continue to the next question Type here to search O 5 7 2 3 4 5 6 fab w E R Y Cops lock 4 S D F G