Bryant & Stratton College entory Assessment T205 Accounting Principles Assessment is worth 15% of your overall grade. Deadline Due by the end of Week 4 at 11:59pm, ET Directions This Assessment contains 3 questions each question has multiple parts. Yau may use your choice of Word or Excel, but be sure to "show your work for calculations. Completing this assessment will help you to: Course Outcomes: . Camplete and evaluate inventary systems and cast flows methads. Question 1 Craig Company buys and sells one product, Its beginning inventory, purchases, and sales during calendar year 2015 fallow: Units Aequired at Cost Uniks Seld at Retail Unit Imentory 400 units @ $14-$5.400 200 units @$1s-s3.000 300 units @$16.-$4.800 Activity 400 units Jin 15 Sale.... eh IQRrchase Hw9Rrchate . . Sept 22 Rrchate Now, Sale 250nts @ $20-5.000 450 units -100win @ $21!10 Totals....1250 units 30 500 arie Additional tracking data for specific identification: (1 January 15 sale 200 units$14, 12) April 1 sale-200 units@$15, and (3 Navember 1 sale-200 units @ $14 and 100 units e $20. Required 1. Calculate the cost of goods available for sale. 2. Apply the four different methods af inventory casting (FIFO, LIFO, weighted average, and specific identification) to calculate ending inventory and cost of goods sold under each method using the perpetual system. Question 12 Bryant & Stratton College entory Assessment T205 Accounting Principles Assessment is worth 15% of your overall grade. Deadline Due by the end of Week 4 at 11:59pm, ET Directions This Assessment contains 3 questions each question has multiple parts. Yau may use your choice of Word or Excel, but be sure to "show your work for calculations. Completing this assessment will help you to: Course Outcomes: . Camplete and evaluate inventary systems and cast flows methads. Question 1 Craig Company buys and sells one product, Its beginning inventory, purchases, and sales during calendar year 2015 fallow: Units Aequired at Cost Uniks Seld at Retail Unit Imentory 400 units @ $14-$5.400 200 units @$1s-s3.000 300 units @$16.-$4.800 Activity 400 units Jin 15 Sale.... eh IQRrchase Hw9Rrchate . . Sept 22 Rrchate Now, Sale 250nts @ $20-5.000 450 units -100win @ $21!10 Totals....1250 units 30 500 arie Additional tracking data for specific identification: (1 January 15 sale 200 units$14, 12) April 1 sale-200 units@$15, and (3 Navember 1 sale-200 units @ $14 and 100 units e $20. Required 1. Calculate the cost of goods available for sale. 2. Apply the four different methods af inventory casting (FIFO, LIFO, weighted average, and specific identification) to calculate ending inventory and cost of goods sold under each method using the perpetual system. Question 12