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Hello. Can anyone help me with this? Thank you. Ch O5Ex59 Halp Sav&Exit Submit Check my work 15 pants Use the following information for the
Hello. Can anyone help me with this? Thank you.
Ch O5Ex59 Halp Sav&Exit Submit Check my work 15 pants Use the following information for the Exercises below. The taioing nreialion apoies to she questiovis displayed belowj Hernrning Corepted the follewng current-year purchtases and sales for its anly product s sold st Retall 1 Bxinning inventory 255 units 512.28-,111 418 unit 517.287,852 455 units 522 . 29 . le, io! 155 units 527.28421S 210 units 350 units 430 units $42 , 20 $42 , 20 $42 , 20 rchase chase Oct. Soles Exercise 5-9A Periodie: Inventory costing system LO P3 Required: Hemming sesa periodic inventcry system (a) Octemmine the costs assigned to cnding Inventory and to cost of goods sold using FIFO. Delte the cosisasieo eing iieeny and lo cl of gods seld using LIFo. l Compute the gross marain tor each method. Pariodic FIFO Cost at Goods Availabls tar Sale Coat af Gon Cost per Available fd Ending Inventory #citiniTA | Cost Ending or units Cost per | unit Goudy # of iani's Cost of unit Sold iwanstany per un Inventory Ragnning inwr 5512705 March 14 $1720 7,052 410 17.20 s 2220 ,052 Juy Octnbe 25 Tre 5 11 167 Ptgy 1 of 1 Next O lype hene to search Ch O5Ex59 Halp Sav&Exit Submit Check my work Required intormation (o) Determine the costs assig ned to ending Inventory and to cost or 0oods sold using LIFO )Compute the gross margin for each methad 15 pants Cost of Goods Available for of unitsEnding # of units | #at units Cost per | Cost at unit Goods Sold in nding inventoryPInvantory Begnning hwantory 255 122S 255 12.20 Murch 14 uly 30 October 20 10 $17 20 455 S2220 155 272 7,052 10,101 4,210 1 1720 45 22.20 5 11,16 ) Periodic LIFO Cost of Goods Avalable for Salc Cost ot Goods Sold Coar par Avallable for Cost of Goods Cast par unit Cast ot | Goods Sold I in onding | t ot units Fnding t of units Inventory PrInvantory Deginning Iwantor 255 1222 S Mcn 14 $17 2 7,052 10,101 455 $2220 52 20 1275 24,480 ) Gross Margin FIFO LIFO oat of goola sold Ptgy 1 of 1 Next O lype hene to search
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