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Homework: Week 5: Homework Save Overview, question 2 of 4, 2 complete Score: 2.31 of 10 pts HW Score: 25.33%, 11.4 of 45 pts 2
Homework: Week 5: Homework Save Overview, question 2 of 4, 2 complete Score: 2.31 of 10 pts HW Score: 25.33%, 11.4 of 45 pts 2 of 4 (2 complele) E6-31B (similar to) Question Help Thames Company's inventory records for its retail division show the following at October 31 EE(Click the icon to view the accounting records.) At October 31, 10 of these units are on hand Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (c) FIFO, and finally (d) LIFO (Round the average cost per unit to the nearest oent. Round sll final answers to the nearest whole dollar.) Number (a) Specific identification Data Table of units 14 Cost of goods sold 10 Ending inventory Oct 1 Beginning inventory. 6 units $ 150 S 900 151 S 15 Purchase 4 units @ 604 160 S 2,240 26 Purchase. .. 14 uriits
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