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Date Transaction Units Unit Cost 1/1/2022 Beginning Inventory 4,500 18.25 1/13/2022 Purchases 6,325 19.50 3/3/2022 Purchases 2,400 19.75 3/18/2022 Units Sold @ $56/unit 3,800 4/22/2022
Date Transaction Units Unit Cost 1/1/2022 Beginning Inventory 4,500 18.25 1/13/2022 Purchases 6,325 19.50 3/3/2022 Purchases 2,400 19.75 3/18/2022 Units Sold @ $56/unit 3,800 4/22/2022 Purchases 2,500 22.25 6/1/2022 Units Sold @ $56/unit 7,345 7/31/2022 Purchases 2,875 22.75 9/3/2022 Purchases 3,250 23,50 10/1/2022 Units Sold @ $56/unit 8,765 11/30/2022 Purchases 4,750 24.00 Instructions: 1. Calculate total Inventory Available for Sale (1 Point) 2. Calculate Cost of Goods Sold under the following methods: a. FIFO Perpetual (2) b. LIFO Perpetual (2) c. Moving Average Cost Perpetual (2) 3. Calculate Ending Inventory under EACH of the above methods (3) 4. Calculate Gross Profit and Gross Profit % under EACH of the Above Methods (3)
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