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I finished part 1 but need help on part 2 and 3 please! Required Information M7-7 to M7-9 Calculating Cost of Goods Available for Sale,
I finished part 1 but need help on part 2 and 3 please!
Required Information M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost (LO7-3] [The following information applies to the questions displayed below) Part 2 of 3 The following are the transactions for the month of July. 083 points July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost Unit Selling Price 58 510 299 11 (100) $14 M7-8 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic LIFO (LO 7-3] Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under LIFO. Assume al periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) UFO Periodic Cost per Unit $ 10.00 58 $ 580 200 $ 11,00 3.100 2.770 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 19 Purchase Total Cost of Goods Sold Ending Inventory LFO I Periodie) Sales Cost of Goods Sold Gross Profit Chapter 7 Quiz Required Information M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] (The following information applies to the questions displayed below! Part 33 0.83 The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 58 $10 July 13 Purchase 299 11 July 25 Sold (100) Duly 31 Ending Inventory (9 0:32.00 248 M7-9 Calculating Cost of Goods Avallable for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Cost [LO 7-3) Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Weishted Average (Periodic) Units Cost per Unit Beginning inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Vileighted Average Periodic Cost of Goods Sold Groe Prote
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