Date Activities January 1 Beginning inventory January 10 Sales January 20 January 25 Sales January 30 Purchase Assume the perpetual inventory system is used. Required: Purchase Totals. Specific Id Purchase Date Weighted Average FIFO Complete this question by entering your answers in the tabs below. LIFO Units 143 units 63 units @ Available Sale Activity Acquired at Cost $ 6.00 = $ 5.00 $ 4.50 180 units 386 units # of units @ @ 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. $ 858 315 810 $ 1,983 Cost Per # of units Unit sold Cost of Goods Sold Units sold at Retail Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification 97 units @ 83 units @ 180 units Cost Per Unit COGS $ 15.00 $ 15.00 Ending Inventory- Units Ending Inventory Cost Per Unit Ending Inventory- Co
issume the perpetual inventory system is used. lequired: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. After the success of the company's first two months. Santana Rey continues to operate Business Solutions. The November 30,2020 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2020) follows: Business Solutions had the following transactions and events in December 2020. Dececber 2 paid $985 cash to Hilleide Mall for Businesi solutions's mhare of mal1 advertising costs. December 3 pald $410 cash for ninor repaits to the companyta computer. December 4 Phcelved 54,650 cash fros Alex's Enaineerina Co. for the receivable from Whyembnr After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30 , 2020 . unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2020 ) follows Business Solutions had the following transactions and events in December 2020. December 2. Paid $985 cash to Hil1sido Mal1 for Businosa solutiona's mbare of ma11 advertining costa. December 3 Paid $410 cash for minor repaira to the company' s econputer. December 4 Received 54.650 cash from Alex' $ Enaineerina Co. for the receivable from November. issume the perpetual inventory system is used. lequired: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. After the success of the company's first two months. Santana Rey continues to operate Business Solutions. The November 30,2020 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2020) follows: Business Solutions had the following transactions and events in December 2020. Dececber 2 paid $985 cash to Hilleide Mall for Businesi solutions's mhare of mal1 advertising costs. December 3 pald $410 cash for ninor repaits to the companyta computer. December 4 Phcelved 54,650 cash fros Alex's Enaineerina Co. for the receivable from Whyembnr After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30 , 2020 . unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2020 ) follows Business Solutions had the following transactions and events in December 2020. December 2. Paid $985 cash to Hil1sido Mal1 for Businosa solutiona's mbare of ma11 advertining costa. December 3 Paid $410 cash for minor repaira to the company' s econputer. December 4 Received 54.650 cash from Alex' $ Enaineerina Co. for the receivable from November