ch6-9 please help me figure out the blank blue boxes? some are filled in and correct as shown on the 3rd pic but i am still missing parts to it. (note: pics are of the same graph. one is showing what is correct and incorrect)
March 1- Purchase 100 units $50 each March 5- Purchase 400 units $55 each March 9- Sales 420 units $85 units March 18- Purchase 120 units $60 each March 25- Purchase 200 units $62 each March 29- Sales 160 units $95 each The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the gross profit earned by the compu Periodic FIFO Cost of Goods Sold Ending very Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale Date Er #of units sold Cost per unit Cost of Goodis Sold # of units in ending Inventory Cost per unit 0 100 400 $ 55.00 22000 March 1 March 5 March 18 March 25 Total 400 S 120 $ 2008 720 56.00 60.00 62.00 22.000 7.200 12.400 41,600 62.00 200) 5 200 $ 300 $ 22.000 Ending Periodio LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goode Coat per unit Sold Cost of Goods of units of units in ending End Cooper w of units Date sold Cost per unit Available for Sale 22.000 S 7200 March 1 March 5 March 18 March 25 Tot 100 400 120 200 820 5 5 55 00 00.00 62.00 2.400 5 41.GO LIFO 50.000 5 Gross Profit Sales Cort of goods sold Groou pro FIFO 50 900 31500 10.100 Answer is not complete. Complete this question by entering your answers in the tabs below. Required i Required 2 Required 3 Cost per Cost per The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the gross profit earned by the company Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of #of Most of Goods Date of units of units unit units Available for End Goods Cost per In ending unit sold unit Sold Sale Imeer inventory March 1 100 0 March 5 4008 55.00 22,000 400 $ 55.00 22.000 March 18 1208 50.00 7.200 March 25 200 $ 5200 12,400 200 200 720 Total + 41,600 500 200 22.000 Cost of Goods Sold Ending Inventory Periodic UFO Cost of Goods Available for Sale Cost of of of unite Cesto Cost per Cost per EN Goods Cost per us Goods In ending Date of units unt Available for sold Sold Inventory Sale OO This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Date # of units Cost per Cost of Goods Available for Sale unit of units sold Cost per Cost of Goods Sold Cost per unit of units In ending Inventory uni! Ending Inventory 100 0 March 1 March 5 Aarch 18 March 25 400 $ 55.00 22,000 400 $ 120 $ 2009 720 55.00 60.00 62.00 22,000 7,200 12,400 41,600 12,400 200 $ 62.00 200 S 500 $ 22.000 5 12.400 lodia LIFO Cost of Goods Sold Ending Inventory Coat per Date of units sold Cost per unit Cost of Goods Sold of units In ending Inventory un Ending Inventory Aarch 1 Aarch 5 March 18 March 25 Cost of Goods Available for Sale Cost of Cost per # of units Goods unit Available for Sale 100 400 $ 65.00 22.000 120 $ 80.00 7,200 200 $ 82.00 12,400 820 S 41.000 s Profit PS Sales Jost of goods sold ross profil FIFO LIFO 50,9005 50,900 31.800 10,100 5