can you solve and show me step by step?
here is a better photo , sorry !
Business ourse Inventory Costing Methods Periodic Method Chen Sales Corporationes the periodic inventory system on January 1, 2012. Che had 1000 units of product with a untcont of 570 per unit. A Summary of purchases and sales during 2012 flow U Cot Purchased 50 Unit 100 1000 02 300 Ford me that Chenes the first out method Compute the cost of goods sold for 2012 and the ending to be December 2012. for produtta Assume that in the first method Compute the cost of goods sold for 2012 and then my bouncest December, 2012. for product Assume that is the weighted average cost method Comore the cost of goods sold for 2012 and the conventory Dance December 312012 for product Do not round with your real answers Round your answers to the ai dotate Anita Che products are perm Which of the three to conting methods would you that Asunnon cod 1. Hotect the wood flow to the bu Assume that Chen uses the wested average cost method compute the cost of Rods sold for the ending inventory halance at December 3122812 for prot Do not round until your finner Round your answers to the nearest do 0 Couto tout ty of Gotsus WA Yang Confo d. Asuming that chans products are penthatletem which of the three inventory costing methods would you choose to Assume this is during a perdoring costs Belect the key trods flow through the business? + Me income for the period sort the target amount of net income for the period 3 Inventory Casting Methods Periodie Method Chen Sales Corporation uses the periode inventory system on January, 2012. Chen hat:1.000 units of rood with a unit cost of 570 perunt. A Summary of purchases and sales u 2013 toon Unit UR Cat Puma As 2 300 002 100 1.200 Required a. Assume that uses in these method. Compute the cost of goods sold for 2012 and the enging very balance at Decemoer 31, 2012. for product b. Assume that the uses the lassan, tout method. Compute the cost of goods sold for 2012 and the ending invertory balances December 31, 2012, for product Asume that Chen uses the weighederage cost method. Core the cost of goods sold for 2012 and the end or balance at December 11, 2012. for product Do not round until your final answers. Round your answers to the nearest do 0 th Cod tre Cou EWA Endre d. Assuming that Chants produits are perishables, wist of the the inventory costing methods would you choose Assume ths during a period of risine cost Refit the likely toods now through the best! TOT C. Assume that Chen uses the weighted average cost method Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012. for product A Do not round until your final answers Round your answers to the nearest dollar 0 0 First First-but inding to Cost of Goods Sold 1 Stout Ending into Cost of Goods Sold Wie w Ending Inventory Cast of good 0 0 0 d. Assuming that Chen's products are perishable items which of the three inventory costing methods would you choose to Assume this is during a period of rising cose 1. Reflect the likely good flow through the business? 2. Minimite income taxes for the period? . 1 Report the largest amount of net income for the period . Please answer all parts of the question Inventory Costing methods.Periodic Method Chen Sales Corporation uses the periodic inventory system. On January t, 2012. Chen hat: 1.000 units of product with a unit cost of 570 per unt. A of purchases and sales during 2012 1.800 1600 Apr 172 My10 A 70 03 300 100 Required 2. Assume that Chen uses the testun, first-out method. Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012. for product A b. Assume that Chen uses the last few method Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012, for product Assume that Chen uses the weighted Sverage cost method. Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012 for product A Do not found until your firat answers. Round your answers to the nearest dollar, to us trong very Con Go Inding in 1 Cost of Good Wed en Leding Comoros d. Assuming the Cherr's products are perishable items, which of the three inventory costing methods would you choose to Assume this is during a period of rising costs 1. Reflect the Skely goods flow through the business? c. Assume that Chen uses the weighted average cost method. Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012, for product A Do not round until your final answers, Round your answers to the nearest dollar First tout Ending intory Cost of Goods Sold bas, first-out Ending very : 0 Cost of Good folds 0 Weighted Average Ending intory Cost of goods sold . d. Assuming the Cher's products are perishable tems, which of the three inventory costing methods would you choose to Assume this is during a period of rising cosed 1. Reflect the likely goods flow through the business? 2. Minimise income taxes for the period 3. Report the largest amount of net income for the period? Please answer all parts of the
