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a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system.
a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system. Da nat enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. When calculating the unit cost, round ta 2 decimal places as well. Inventory Schedule Purchases Transaction Description Opening Balance Purchase from DD Co. Sale to EE co. Sale to co. Purchase from GGG Co. Sale to HH Co. Quantity 500 80 Amount 55,500.00 Sl,600.oo Quantity Sales Amount 125 s 20 s Quantity Balance 250 Amount so S2,750.oo b) If the FIFO method had been used, what would the value of COGS been for the sale to HH Co.? COGS c) If the specific identification method had been used, what would the value of COGS been for the sale to HH Co.? Assume 10 of the units sold to HH Co. were purchased from DD Co and the ather 10 units were purchased from GGG co. COGS
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