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I have already completed questions 1 and 2. I only need help with #3. Thank you! TUI VIPI UML January 12: January 15: January 25:
I have already completed questions 1 and 2. I only need help with #3. Thank you!
TUI VIPI UML January 12: January 15: January 25: Sold 400 units for $27 per unit Purchased 200 units for $15 per unit Sold 150 units for $30 per unit 3. Calculate the inventory turnover and days sales in inventory for both 1 and 2, assuming that beginning inventory for the month of January was 0 (so, for your average inventory, simply take ending inventory, add 0 to it and then divide by 2).: Accounting-200+Group-Assignment**6 (Protected view) - Word Design Layout References Mailings Review Lindsey Crosier View Help Tell me what you want to do 1. Calculate the cost of goods sold and ending inventory under FIFO, LIFO and weighted average given the following information. Then, calculate the gross profit and gross profit % for all three methods.: January 1: Purchased 500 units for $50 per unit. January 5: Purchased 200 units for $55 per unit. January 7: Sold 300 units for $85 per unit. January 10: Purchased 250 units for $60 per unit. January 12: Sold 400 units for $90 per unit. January 15: January 25: Purchased 300 units for $70 per unit Sold 325 units for $110 per unit Purchased 200 units for $75 per unit. January 31: 2. Calculate cost of goods sold and ending inventory under FIFO, LIFO and weighted average given the following information. Then, calculate the gross profit and gross profit % under all three methods: January 1: January 5: January 7: January 10: January 12: January 15: Purchased 250 units for $10 per unit Sold 100 units for $25 per unit Purchased 150 units for $11 per unit Purchased 200 units for $13 per unit Sold 400 units for $27 per unit Purchased 200 units for $15 per unit Sold 150 units for $30 per unit 10:28 AM o searchStep by Step Solution
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