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Can you please help me with a2? I was able to complete the other questions. Problem 6-08A al-a2 (Part Level Submission) Bonita Inc. is a
Can you please help me with a2? I was able to complete the other questions.
Problem 6-08A al-a2 (Part Level Submission) Bonita Inc. is a retailer operating in British Columbia. Bonita uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bonita Inc. for the month of January 2020. Unit Cost or Selling Price Date Quantity 100 141 $12 January January January January January January January January 1 5 8 10 15 16 20 25 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (al) Your answer is correct. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit January 1 12 January 5 13.755 January 8 13.755 January 10 13.755 January 15 14.666 January 16 14.604 January 20 14.604 January 25 13.27 15.24 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTIONSHOW ANSWER LINK TO TEXT (a2) For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold Ending inventory Gross profit Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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