Complete exercise 6-8 on a separate piece of paper and select the correct answers to the questions below. What was the costs of goods sold on July 17rd? Choose... How many units remained in ending inventory? Choose... How many units were sold? Choose... What is the total cost of goods available for sale? Choose... - Under the FIFO method there were 52 units remaining in ending inventory. What was the cost of this ending inventory? Choose... Under the FIFO method how many units were in ending inventory on July 23rd (after that day's purchases)? Choose... Under the FIFO method how many units were in ending inventory on July 3rd (after that day's purchases)? Choose... Under the FIFO method how many units were in ending inventory on July 17th(after that day's sales)? Choose... What are the total # of units available for sale? Choose... Complete exercise 6-8 on a separate piece of paper and select the correct answers to the questions below. What was the costs of goods sold on July 17rd? Choose... Choose... How many units remained in ending inventory? 204 How many units were sold? 66 213 What is the total cost of goods available for sale? 87 265 Under the FIFO method there were 52 units remaining in ending inventory. What was the cost of this ending inventory? 142 52 Under the FIFO method how many units were in ending inventory on July 23rd (after that day's purchases)? $2,912 $7,930 Under the FIFO method how many units were in ending inventory on July 3rd (after that day's purchases)? 244 $14,300 Under the FIFO method how many units were in ending inventory on July 17th(after that day's sales)? $3,006 What are the total # of units available for sale? Choose... Exercise 6-8 Alternative cost flow assumptions-perpetual Inventory system LO2 eXcel CHECK FIGURES: 3. COGS a $11,388 b. $11,484 Head Smart sells bicycle helmets for $130 in a large mall. Head Smart uses a perpetual inventory system and made purchases and sales in July as follows: D $46 $51 $56 July 1 Beginning Inventory July 3 Purchase July 6 Purchase. July 17 Sale July 23 Purchase. July 31 Sale 21 units 66 units 116 units 61 units 62 units 152 units $56 Required 1. Calculate the total goods available for sale in units and cost). 2. Calculate the number of units sold and units remaining in ending inventory. 3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under: a. FIFO b. Moving weighted average 443