HOW TO DO THIS?
The Company uses a perpetual Inventory system For specific identification ending Inventory consists of 380 units, where 360 are from the January 30 purchase. 5 are from the January Do purchase, and 15 are from beginning Inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Requred 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal Place Weighted Average - Perpetual: Goods Pure Inventory Balance #of units Date Cost per Cost of Cost per cost of Goods unit Sold #ot units sold unt ventor January 1 1230 January 10 Hilto es 11550 H 52.790. 190@fs 14.50 January 20 S 15.50 $3,565.00 $15.50 A775.00 15.50 775.00 14.50 2.755.00 Average cost January 25 HIT 1220 @ 115114.70| 360 @ $ 1400 $3234.000 14.301 January 30 14 70 Totals $6.024.00 23 ore ere to search O BI DOLL The Company uses a perpetual Inventory system For specific identification ending Inventory consists of 380 units, where 360 are from the January 30 purchase. 5 are from the January Do purchase, and 15 are from beginning Inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Requred 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal Place Weighted Average - Perpetual: Goods Pure Inventory Balance #of units Date Cost per Cost of Cost per cost of Goods unit Sold #ot units sold unt ventor January 1 1230 January 10 Hilto es 11550 H 52.790. 190@fs 14.50 January 20 S 15.50 $3,565.00 $15.50 A775.00 15.50 775.00 14.50 2.755.00 Average cost January 25 HIT 1220 @ 115114.70| 360 @ $ 1400 $3234.000 14.301 January 30 14 70 Totals $6.024.00 23 ore ere to search O BI DOLL
