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Hi I need 7-10 and 7-11, thank you 0BJ.3 under perpetual inventory system Ex 7-9 Weighted average cost flow method The following units of a
Hi I need 7-10 and 7-11, thank you
0BJ.3 under perpetual inventory system Ex 7-9 Weighted average cost flow method The following units of a particular item were available for sale during the calendar year: . old, Jan. 1 Apr. 19 June 30 Sept. 2 Nov. 15 Inventory Sale Purchase Sale Purchase 4,000 units at $20 2,500 units 6,000 units at $24 4,500 units 1,000 units at $25 The firm uses the weighted average cost method with a perpetual inventory system Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. EX 7-10 Perpetual inventory using FIFO Assume that the business in Exercise 7-9 maintains a perpetual inventory system. Deter- mine the cost of merchandise sold for each sale and the inventory balance after each sale, assuming the first-in, first-out method. Present the data in the form illustrated in Exhibit 3. OBJ. 3 EX 7-11 Perpetual inventory using LIFO Assume that the business in Exercise 7-9 maintains a perpetual inventory system. Deter- mine the cost of merchandise sold for each sale and the inventory balance after each sale assuming the last-in, first-out method. Present the data in the form illustrated in Exhibit 4. OBJ.3 Step by Step Solution
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