Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have been having trouble doing this question I am currently using MS Excel and my student number is 245633. Part 5 (Chapter 7 content)

I have been having trouble doing this question I am currently using MS Excel and my student number is 245633.image text in transcribedimage text in transcribedimage text in transcribed

Part 5 (Chapter 7 content) 12 Marks Pizzaworks Ltd, uses a perpetual inventory system and had the following activity for a single Inventory (premade pizza crusts) Item Units Units Total cos June 1 opening inventory 240 $350 5840 June 5 purchase asterom 400 $1200 June 10 purchase 250 5.20 $1.300 June 11 sale 400 June 15 purchase 260 5.75 51,495 June 19 sale 175 This company use the perpetual inventory sytet Required Using the FIFO method calculate the 1) cost of goods sold in number of unsad and 2) ending inventory din number of units and SRL Work is to be completed on the corresponding shoot in the Excel workbook, using the format provided TAKICH student number not used in this part Please provide descriptions and calculations. Revise format as needed to suit your style /formation of calculations 1) Total Cost of Goods Sold Date of sale / Quantities Sold Amounts/Calculations 1 2 3 4 15 16 17 18 19 20 21 2) Total Ending Inventory Quantities Amounts/Calculations +

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Markets Tax Credit IRS Audit Technique Guide

Authors: Internal Revenue Service

1st Edition

1304112896, 978-1304112897

More Books

Students also viewed these Accounting questions

Question

3. Define the attributions we use to explain behavior

Answered: 1 week ago