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Fill in the missing amounts for items (a) through (o) as well as a1 through m1 in the following perpetual inventory records: Calculate the cost
Fill in the missing amounts for items (a) through (o) as well as a1 through m1 in the following perpetual inventory records:
Calculate the cost of goods sold and ending inventory using weighted average
Fill in the missing amounts for items (a) through (o) as well as a1 through m1 in the following perpetual inventory records: Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e,g. 5.25 and final answers to 0 decimal places, e.g. 5,250.) Purchases Cost of Goods Sold Balance Total WA Cost Per unit Date Units Cost Total Units Units Total Cost Cost Units Cost Total Apr-01 Beginning Inventory 24 $14 $336 $14 $336 24 45 $16 $720 $336 Apr-15 24 $720 45 $ S 26 S Apr-20 69 $1,056 $397.80 -26 S $ 37 $17 $629 80 S $658.20 Apr-23 43 37 $629 $ $ 29 $ $ 51 $ $1,287.20 Apr-28 80 $820.59 -51 29 S 106 $466.61 $1,685 77 29 Calculate the cost of goods sold and ending inventory using FIFO. (HINT: Use two rows to showyour cost of goods sold calculation in layers) Inventory Balance Purchases Cost of Goods Sold Date Units Cost Total Units Cost Total Units Cost Total Apr-01 Beginning Inventory 24 $14 $336 $14 $336 24 45 $16 $720 $14 Apr-15 24 336 $ Apr-20 26-24 S $ 2 Apr-23 37 $17 $629 $ $ Apr-28 51-43 $ $ 8 S 29 106 $1,685 77 29 $493 Which method gives the highest COGS? WhyStep by Step Solution
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