helpp me!!
Maler bithe informathn in 9 Prukem 5.18 and assume the periobic imentory byecm is oned Required 1. Cempute cont of poobs available for sale and the tumber of units availabie for cale. 2. Cenprue the number of units is endine inventory. 3. Conpuse the cod awigned to ending inventory asing (a) FHO, ( (b) LIFO, fe) weiphied averygr, and (d) specifie ifentififation. (Round all amounst to cteks) 4. Compune zeou protit earned by the company for each of the fost costing meibods in part 3. A B C D E F 1 1. Compute cost of goods available for sale and units available for sale \begin{tabular}{|l|l|l|} \hline Units & Cost & Total \\ \hline & & $ \\ \hline \end{tabular} 5 April 6 purchase 6 April 17 purchase 7 April 25 purchase 8 Units available $. Cost of goods 9 available for sale 2. Units in ending inventory Ready Pe Aoceswiblity I investigate 13 3. a) FIFO Ending Inventory 2 3 First in first out means last in still here in ending inventory 4 Work backwards from most recent purchase 5 all from here f2 13 14 Last in first out means first in still here in ending inventory 15 Start with oldest purchase and move forward 16 17 Beginning inventory 19 Ending Inventory \begin{tabular}{|l|l|l|} \hline Units & Cost & Total \\ \hline & & $.. \\ \hline & & $. \\ \hline \end{tabular} 20 21 \begin{tabular}{|c|c|} \hline 23 & A \\ \hline 23 & 3.) Weighted Average Ending Inventory \end{tabular} 24 25 Compute weighted average cost and use that \begin{tabular}{|l|l|r|} \hline Units & Cost & Total \\ \hline & & $ \\ \hline \end{tabular} 29 April 6 purchase 30 April 17 purchase 31 April 25 purchase 32 Units available 34 Cost per unit \#DIV/0! 35 Units in ending inventory 36 Cost of ending inventory \#DIV/0! 37 38 39 40 3. d) Specific Identification 41 42 Need to refer back to exactly what was sold 43 Need to refer back to exactly what was sold 1. 4. Compute zross profit earned by the company for each of the four costing methods 2 in part 3. 3. 4 Sales are given to us in problem: \begin{tabular}{|l|l|c|c|c|} \hline 5 & Units & Price & Total \\ \hline 6 & Aprili 9 & & $ & \\ \hline 7 & Aprili 30 & & & \\ \hline 8 & & & $ & \\ \hline \end{tabular} 9 10 11 Have to compute cost of goods sold for each method. 12.0 units were sold 13 141 15 a) FiFo Cost of Goods Sold 16 17 The first ones purchased are the first ones sold 18 19. Beginning inventory \begin{tabular}{|l|l|l|} \hline Units & Cost & Total \\ \hline & & $ \end{tabular} wholething 21. April 6 purchase - wholething 22. Aprili 17 purchase 23 Apell 25 purchase \begin{tabular}{l|l|l|l|l|l|} 23 & Aprili25 purciase & Total & & & \\ 25 & & & & \\ \hline 26 & & & & & \\ \hline 4 & Pr 5-2A & 1 and 2 & 3 & 4 & Chock + \\ \hline \end{tabular} Fieady IR Accessibility: Investigate 27 b) UFO Cost of Goods Sold 28 The last ones in are the first ones sold c) Weighted Average Cost of Goods Sold Compute weighted average cost and use that \begin{tabular}{l|l|l|l|l} \hline 42 & & & & \\ & & Units & Cost & Total \\ \hline 44 & Beginning inventory & & & $ \end{tabular} 45 April 6 purchase 46 April 17 purchase 47 April 25 purchase 48 Units available 49 50 Cost per unit HDN/OI 51 Units sold 52 Cost of aoods sold HON/OI 4+ Pr 5-2A 1 and 2 Ready If Accepability inrestigate Ready If Accessiblity: Investigate Look at this! No matter which method you use, the sum of Ending Inventory and COGS 4 will always equal Cost of Goods Available for Sale
