Homework: Homework CH6 Score: 10.26 of 15 pts 4 of 8 (4 complete Question 4, P6-29A (similar to) Luxury Iron Company began August with 45 units of iron inventory that cost $24 each. During August, the company completed the Click the icon to view the transactions.) Read the requirements. 475 1,175 Totals 95 $ 3,415 100 $ 2,920 40 $ 1,575 Unit Requirement 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Purchases Cost of Goods Sold Inventory on Hand Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 45$ 24 $ 1,080 3 35 $ 24 $ 840 10 $ 24 $ 240 8 70$ 32 $ 2.240 80$ 31 $ 2.480 21 65$ 31 $ 2,015 15$ 31 $ 465 30 25 $ 47$ 1,175 40$ 41 $ 1,640 $ 3,415 95 Totals $ 2,855 100 40 1,640 $ Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted aver inventory costing The cost of goods sold amount for August using FIFO inventory costing is $ Enter any number in the edit fields and then click Check Answer. 4 parts remaining Clear All Start by entering the beginning inventory balances. Enter the transachons in chronological order, calculating ne calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the p Purchases Cost of Goods Sold Unit Total Unit Total Cost Inventory on H Unit Quantity Cost 45 5 Dato Quantity Cost Cost Quantity Cost Aug. 1 3 35 $ 24 $ 840 10$ 8 70 $ 32 $ 2,240 80 $ 31 21 65 $ 31 $ 2,015 15 $ 31 30 25 $ 47 $ 1,175 40 $ 41 $ $ 3,415 95 Totals 100 2,855 40 Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted avera The cost of goods sold amount for August using FIFO inventory costing is $ 2,840 The cost of goods sold amount for August using LIFO inventory costing is 2,920 The cost of goods sold amount for August using weighted average inventory costing is $ Enter any number in the edit fields and then click Check Answer. 2 parts remaining o esc DOD F2 13 F4 # 3 $ 4 2 % 5 Homework: Homework CH6 Score: 10.26 of 15 pts 4 of 8 (4 complete Question 4, P6-29A (similar to) Luxury Iron Company began August with 45 units of iron inventory that cost $24 each. During August, the company completed the Click the icon to view the transactions.) Read the requirements. 475 1,175 Totals 95 $ 3,415 100 $ 2,920 40 $ 1,575 Unit Requirement 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Purchases Cost of Goods Sold Inventory on Hand Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 45$ 24 $ 1,080 3 35 $ 24 $ 840 10 $ 24 $ 240 8 70$ 32 $ 2.240 80$ 31 $ 2.480 21 65$ 31 $ 2,015 15$ 31 $ 465 30 25 $ 47$ 1,175 40$ 41 $ 1,640 $ 3,415 95 Totals $ 2,855 100 40 1,640 $ Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted aver inventory costing The cost of goods sold amount for August using FIFO inventory costing is $ Enter any number in the edit fields and then click Check Answer. 4 parts remaining Clear All Start by entering the beginning inventory balances. Enter the transachons in chronological order, calculating ne calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the p Purchases Cost of Goods Sold Unit Total Unit Total Cost Inventory on H Unit Quantity Cost 45 5 Dato Quantity Cost Cost Quantity Cost Aug. 1 3 35 $ 24 $ 840 10$ 8 70 $ 32 $ 2,240 80 $ 31 21 65 $ 31 $ 2,015 15 $ 31 30 25 $ 47 $ 1,175 40 $ 41 $ $ 3,415 95 Totals 100 2,855 40 Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted avera The cost of goods sold amount for August using FIFO inventory costing is $ 2,840 The cost of goods sold amount for August using LIFO inventory costing is 2,920 The cost of goods sold amount for August using weighted average inventory costing is $ Enter any number in the edit fields and then click Check Answer. 2 parts remaining o esc DOD F2 13 F4 # 3 $ 4 2 % 5