Click the loon is view the transactions) Read the moments Begin by coming the cost of goods sold and cost of ending merchandise inventory using the weighted average Inventory coing method Enter the transactions in chronological order, calculating new inventory on hand sch transaction. One of the transactions have been entered into the perparecord, calculate the quantity and total cost of merchandise Inventory purchased, sound on the end of the period. Round weighed average cool porno the content and the amounts to the nearest dolar) Purchases Cost of Goods Sold Inventory on Hand Unit Total Total Unit Total Data Table Cost Cast Quantity Cost Cost Quantity Cost Cast 5 Jan Purchase 145 ca 160 ch 170$ 90 20 175 ch 20 Print Done Determine the company's gros profit using the weighted average rycosting method Goss using the weighted average very coin Requirement the business wanted to pay the start of income as possible method would choose? Enter any number in the fields and then continue to the next question @ esc BO . : 1 ! 1 # 3 & 7 % 5 4 . B 6 9 0 2 T P 0 R E U Q Y rab 11 G . D L K A S caps lock V Z C X V M BN shift 7 # mmand option o k Exercise World began January with merchandise inventory of 65 crates of vitamins that cost a total of $3,835. During the month, Exercise World purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Totals 315 335 ZUDOT 45 Test YUU Determine the company's gross profit using the FIFO inventory costing method. Gross profit is $ 7.835 using the FIFO inventory costing method emots Requirement 2. Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. 1 of 1 1 of 1 COTEM O of 1 Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total 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 Quantity Cost Cost Cost Cost Cost Quantity Jan. 1 5 13 Enter any number in the edit fields and then continue to the next question After A Sample Tests and quizzes tv 9 . DHI se inventory of 65 crates of vitamins that cost a total of $3.836. During the mornaris Word purchased and sold ework Terchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Quiz/Test Purchases Unit Cost of Goods Sold In Data Table Unit Total Date Total Cost Quantity Cost Quantity Cost Cost Quantity Jan 1 MON 5 Jan 5 Purchase 13 Sale 18 Purchase 145 crates 10 each 100 rs 102 each 170 cm @ 175 5104 1 of 1 13 18 25 Sale 26 Print Done Totals Determine the company's gross profit using the weighted average inventory costing method Gross profit is $ using the weighted average inventory costing method Requirement 4. If the business wanted to pay the least amount of income taxes possble, which method would choose? If the business wanted to pay the least amount of income taxes possible, they would choose Enter any number in the edit fields and then continue to the next question Sample Tests and Quizzes 9 & GO &
