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help please fill everything ! SEVED Help Save & Ex QS 5-7A Periodic: Inventory costing with FIFO LO P3 A company reports the following beginning
help please fill everything !
SEVED Help Save & Ex QS 5-7A Periodic: Inventory costing with FIFO LO P3 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 450 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 410 90 120 Unit Cost $ 4.00 4.20 4.30 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale # of Cost of Goods units unit Available for Sale 410 $ 4.00 $ 1,640 Cost per # of units sold Cost per Inventory Balance # of units in ending Cost per Ending unit inventory Inventory Cost of Goods Sold unit Beg. Inventory Purchases: January 9 January 25 Total 90 4.20 4.30 120 620 378 516 2,534 $ 0 $ 0 0 $ 0 Step by Step Solution
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