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Check my 7 490 Bun $4.00 DONAMI Beginning inventory, January 1 Transactions during the year: 4. Purchase, January 30 b. Purchase, May 1 c. Sale
Check my 7 490 Bun $4.00 DONAMI Beginning inventory, January 1 Transactions during the year: 4. Purchase, January 30 b. Purchase, May 1 c. Sale ($6 each) d. Sale ($6 each) 4.30 5.00 390 550 (250) (790) ts I Bock Print Required: a. Compute the amount of goods available for sale. b. & c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost. First-in, first-out, Last-In, first-out and Specific identification inventory costing methods. For Specific identification, assume that the first sale was selected two- fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 References Complete this question by entering your answers in the tabs below. Red A Red B and C Compute the amount of ending Inventory and cost of goods sold at December 31 under Average cost, First-in, first-out, Last- in, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Show less Average Cont First-en, First Out Last-In, First- Out Specific Identification Ending Inventory Cost of goods sold
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