determije thr amount that wojld be reporter in ending merchandise inventory on january 15 using LIFO inventory costing method
$ 2.20 $ 220 2 $ 260 $ 5.20 Totals 11 $ 21.40 $ 12.25 $ 9.15 Requirement 2. Determine the amount that would be reported in ending merchandise inventory on January 15 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 entere inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $XXX. Enter the oldest inventory layers first) Purchases Inventory on Hand Unit Total Total Quantity Cost Quantity Quantity Cost of Goods Sold Unit Total Unit Date Cost Cost Cost Cost Cost 8 $ 1.75 $ Jan. 2 14.00 6 15 2.20 $ 2.20 8 13 21 $ 2.60 $ 5.20 Enter any number in the edit fields and then click Check Answer. Clear All 1 Part remaining MacBook Air Cost 14.00 regional convenience store chain, maintains mik inventory by the gallion. The first month's milk purchases and sales at its Flashing, Michigan, location follow ok the icon to view the purchases and sales.) requirements. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Quantity Cost Quantity Cost Cost Quantity More info Cost Cost n. 2 8 $ 1.75 $ 14.00 8$ 1.75$ 14.00 1$ 2.20 $ 220 a $ 1.75$ Jan 2 Purchased its @ $1.75 each 1$ 2.2015 2.20 3 $ Jan. 8 Purchased igalond@$220 each 1.75 $ 5.25 5$ 175$ 8.75 Jan & Sold go to a customer 13 2.20 $ 220 13 Jan. 13 Purchased 2 galion $260 each 2 $ 2.50 $ 5.20 5 $ 1.75$ 8.75 Jan. 14 Sold 4 gallons of milk to a customer 15 2.20 $ 2.20 2 S 2.60 $ 5.20 Print Done 14 4 $ 1.75$ 7.00 11$ 1.7515 1.75 1 $ 2.2015 2.20 25 280S 5.20 $ 21.40 $ 12.25 4 $ 9.15 tals irement 2. Determine the amount that would be reported in ending merchandise Inventory on January 15 using the LIFO inventory costing method. any number in the edit fields and then click Check Answer. art amaining Clear All MacBook E $ 2.20 $ 220 2 $ 260 $ 5.20 Totals 11 $ 21.40 $ 12.25 $ 9.15 Requirement 2. Determine the amount that would be reported in ending merchandise inventory on January 15 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 entere inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $XXX. Enter the oldest inventory layers first) Purchases Inventory on Hand Unit Total Total Quantity Cost Quantity Quantity Cost of Goods Sold Unit Total Unit Date Cost Cost Cost Cost Cost 8 $ 1.75 $ Jan. 2 14.00 6 15 2.20 $ 2.20 8 13 21 $ 2.60 $ 5.20 Enter any number in the edit fields and then click Check Answer. Clear All 1 Part remaining MacBook Air Cost 14.00 regional convenience store chain, maintains mik inventory by the gallion. The first month's milk purchases and sales at its Flashing, Michigan, location follow ok the icon to view the purchases and sales.) requirements. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Quantity Cost Quantity Cost Cost Quantity More info Cost Cost n. 2 8 $ 1.75 $ 14.00 8$ 1.75$ 14.00 1$ 2.20 $ 220 a $ 1.75$ Jan 2 Purchased its @ $1.75 each 1$ 2.2015 2.20 3 $ Jan. 8 Purchased igalond@$220 each 1.75 $ 5.25 5$ 175$ 8.75 Jan & Sold go to a customer 13 2.20 $ 220 13 Jan. 13 Purchased 2 galion $260 each 2 $ 2.50 $ 5.20 5 $ 1.75$ 8.75 Jan. 14 Sold 4 gallons of milk to a customer 15 2.20 $ 2.20 2 S 2.60 $ 5.20 Print Done 14 4 $ 1.75$ 7.00 11$ 1.7515 1.75 1 $ 2.2015 2.20 25 280S 5.20 $ 21.40 $ 12.25 4 $ 9.15 tals irement 2. Determine the amount that would be reported in ending merchandise Inventory on January 15 using the LIFO inventory costing method. any number in the edit fields and then click Check Answer. art amaining Clear All MacBook E
