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c . Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method. cost
c Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method. cost of merchandise inventory purchased, sold, and on hand at the end of the period. Enter the oldest inventory layers first.
tableDatePurchases,Cost of Goods Sold,Inventory on HandQuantityUnit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total CostAugTotals
d Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weightedaverage inventory costing method. cost of merchandise inventory purchased, sold, and on hand at the end of the period. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar.
tableDatePurchases,Cost of Goods Sold,Inventory on HandQuantityUnit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total CostAugTotals
Requirements
a Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month:
August : books costing $ each
August : books costing $ each and books costing $ each
August : books costing $ each and books costing $ each
b Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO inventory costing method.
c Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method.
d Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weightedaverage inventory costing method. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar.
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