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hapter 5 inventories and Cost of Sales the following purchases PROBLEM SET B Ming Company uses a perpe inventory system. It into ted units fr

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hapter 5 inventories and Cost of Sales the following purchases PROBLEM SET B Ming Company uses a perpe inventory system. It into ted units fr the April 9 consist 12 units sale sted of consi for pure units from the April 25 purchase.) Problem 5-18 inventory and 27 from the April 6 and 10 Units sold at Retaw tual: Alternative 3 units from the 6 purchase. at Cost Units Acquired 20 units a $3,000.00 per unit 30 units $3.500.00 per unit Activities Date Apr. Beginning inventory 35 units $1200000 per Apr 6 Purchase 5 units $4.500.00 per unit 10 units $4.800.00 per unit Apr 17 Purchase 25 units $14,000.00 per Apr 25 Purchase 600 units Apr 30 Sales 65 units Required number of units available for sale Compute cost of goods available for sale and the 2. Compute the number of units in ending inventory ck (3) Ending (a) FiFo. b) LIFO, (c) weighted ory: FIFO $24,000. 3. the cost assigned to ending using 15.000, WA $20,000 Compute (Round all amounts to cents.) (4) LIFO gross (d) specific identification. 4. Compute gross profit earned by the company for each of the four costing methods in 549,500 Refer to the information in Problem 5-1B and assume the periodic inventory syste 5-2BA Alternative Required 1. Compute cost of goods available for sale and the number of units available for sale 2. Compute the number of units in ending inventory. 3. Compute the cost assigned to ending inventory using (a) FIFo, (b) LIFO, (c) weighted av

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