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Date 10/1/20 See requirements listed after information table. Beginning Inventory 10/3/20 Purchased 10/10/20 Sold 10/15/20 Purchased 10/18/20 Purchased 10/21/20 Sold 10/25/20 Purchased 10/29/20 10/31/20 Sold
Date 10/1/20 See requirements listed after information table. Beginning Inventory 10/3/20 Purchased 10/10/20 Sold 10/15/20 Purchased 10/18/20 Purchased 10/21/20 Sold 10/25/20 Purchased 10/29/20 10/31/20 Sold Ending Inventory H 1 K M N Number of Units Unit Cost Sales 200 $100 150 $110 300 $175 100 $115 150 $120 225 $180 180 $100 65 $180 190 Using the information above and the perpetual inventory method, calculate the following for each of the four different cost allocation methods. Cost of Goods Sold Ending Inventory Gross Margin Make sure to show all calculations. Also, Specific Identification will have the rest of the details needed. Date 10/1/20 Beginning Inventory 10/3/20 Purchased 10/10/20 Sold 10/15/20 Purchased 10/18/20 Purchased 10/21/20 Sold 10/25/20 Purchased 10/29/20 Sold 10/31/20 Ending Inventory Calculate the following using the FIFO method. Cost of Goods Sold Ending Inventory Gross Margin **Make sure to show all calculations. Number of Units Unit Cost Sales 200 $100 150 $110 300 $175 100 $115 150 $120 225 $180 180 $100 65 $180 190 Date 10/1/20 Beginning Inventory 10/3/20 Purchased 10/10/20 Sold 10/15/20 Purchased 10/18/20 Purchased 10/21/20 Sold 10/25/20 Purchased 10/29/20 Sold 10/31/20 Ending Inventory Calculate the following using the LIFO method. Cost of Goods Sold Ending Inventory Gross Margin **Make sure to show all calculations. Number of Units Unit Cost Sales 200 $100 150 $110 300 $175 100 $115 150 $120 225 $180 180 $100 65 $180 190
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