Hi... Excuse me can you create charts and write the answers there. And I don't like getting an explanation for this, just right to the answer in the charts that will be created by you...
I will appreqciate it when you do what I said
Chapter 6: Inventory and Cost of Goods Sold 6 Saved Helps Required information The following information applies to the questions displayed below.) Part 5 of 7 Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system. 09 points Unite 20 Unit Cost $175 Total Cost $3,500 Skipped 15 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($250 each) Purchase Sale 300 cach) Purchase Sale ($325 each) Purchase 195 1,950 205 2,050 225 1.800 $9,300 References 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places.) Specific Identification FIFO L IFO Weighted. average cost Sales revenue Gross profit Required information (The following information applies to the questions displayed below.) Part 6 of 7 Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system. 09 Units Unit Cost $175 points Total cost $3,500 15 Suipped 195 Transactions Beginning inventory Sale ($250 each) Purchase Sale (300 each) Purchase Sale ($325 each) Purchase March 1 March 5 March 9 March 17 March 22 March 27 March 30 1,950 205 2,050 225 1.800 $9, 100 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? References Multiple Choice O RIFO Chapter 6: Inventory and Cost of Goods Sold Helo Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system. Units Unit Cost $175 Total Cost $3,500 Part of 195 Transactions Beginning inventory Sale $250 each) Purebase Sale ($300 each) Purchase Sale ($325 each) Purehase March 1 March 5 March 9 March 17 March 22 March 27 March 30 1.950 205 2.050 0.9 points 225 $9,300 Skipped eBook 7. If Greg's Bicycle Shop chooses to report Inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list References Journal entry worksheet Record the LIFO adjustment. Note: Enter debits before credits General Journal Debit Credit Date March 31
