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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. Start by
c. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new Inventory on hand balances after each transactio cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 $ 135 117 41$ 13 $ 52 55 135 65 12 55 15 5 51 $ 13 $ 15 55 15 5 75 20 21 on on - No 28 Totals This question has not been completed e EG 9 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 weighted average inventory costing method. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar Print Done sological order, calculating new inventory on hand balances after each transaction. Once all of the transac od. (Enter the oldest inventory layers first.) Inventory on Hand Quar More Info Aug. 1Beginning merchandise inventory. 9 books @ $13 each 3 Sold 4 books @ $17 each 12 Purchased 5 books @ $15 each 15 Sold 6 books @ $17 each 20 Purchased 2 books @ $17 each 28 Sold 3 books @ $19 each ING Print Done
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