for the second image please find lifo cost of goods sold
PRIDOng wopomorcom Tony ORDERODOTUTO inventory costing methods. Include a complete statement heading. gunan Ye the LIFO method, all of the units sold will have a unit cost equal to the unit cost of the inventory purchased during the year. Use the table below to calculate the LIFO value of cost of goods sold for the year. (Enter the cost per unit to two decimal places. Enter your answer to the nearest whole dollar.) Ave Units sold LIFO cost per unit LIFO COGS X x - - $ year, Jonah Copy Center purchased connes d a t $10.00 and sold units for each Jonah Copy Carter paid operwing expenses throughout the year, a total 34.000. Ignore Income taxes for this Prepare Jonah Copy Center's income statement for the current year ended December 31 under the average, FIFO and LIFO inventory costing methods. Include a complete statement heading Complete the income statement by selecting the appropriate heading and income statement labels, and then calculating the amounts for each of the three required inventory methods. (Calcu nearest cont. Round all other calculations to the nearest whole dolar) n i costs to the Jonah Copy Center Income Statement Year Ended December 31 Average Cost FIFO 11 800 $ 11 800 5,740 Sales revenue Cost of goods sold Gross proft Operating expenses $ 6.060 5.950 4000 4.000 $ 1.959 S Net income 2000 Enter any number in the edit fields and then click Check Answer Jorah Copy Center seis laser printers and supplies. Assume Jonah Copy Center started the year with 100 containers of ik average cost of $9.10 each, FIFO cost of $8.40 each, UFO cost of $7.50 each). During the year Jonah Copy Center purchased 800 containers of ink at $10.00 and sold 500 units for $20 00 each. Jonah Copy Cancer paid operating expenses throughout the year, a total of $4,000. Ignore income taxes for this Prepare Jorah Copy Center's income statement for the current year ended December 31 under the average, FIFO, and LIFO inventory costing methods. Include a complete statement heading. Complete the income statement by selecting the appropriate heading and income statement labels, and then calculating the amounts for each of the three required inventory methods. (Calcul unit costs to the cent. Round other calculations to the nearest whole d ar) Jonah Copy Center Income Statement Year Ended December 31 Sales revenue Cost of goods sold Gross proft FIFO 11.800 5740 Average Cost $ 11 800 $ 5.841 $ 5.959 $ 4,000 1,959 6,060 Operating expenses Net Income 2.060 PRIDOng wopomorcom Tony ORDERODOTUTO inventory costing methods. Include a complete statement heading. gunan Ye the LIFO method, all of the units sold will have a unit cost equal to the unit cost of the inventory purchased during the year. Use the table below to calculate the LIFO value of cost of goods sold for the year. (Enter the cost per unit to two decimal places. Enter your answer to the nearest whole dollar.) Ave Units sold LIFO cost per unit LIFO COGS X x - - $
