I need help on what I did wrong on area in circle (in part b). Can anyone show me and explain why it 3 units

9 Secure l https:f,'www.mathleomJ'E-tudentfF'layerHomeworkasphomeworkld3166220592&questionld=33tflushed=false8tcld=4855908¢erwin=yes ACC 201-04 8: MD - Spring 13 - Moore Arusa Mughal ' | 3117718 6:42 PM Homework: Chapter 5 Exercises and Problems - Score: 8 85 of 10 pts I 4 3 ore (3 complete) v ) HW Score: 84,25%, 84,25 or 100 pts @ E5-23A (similar to) l a; Question Help l e Elabhit Projectors began the month of August with two movie projectors in inventory each unitcoming 5375 During August, eleven additional projectors oi the same model were purdtased, 0 (Click the icon to View the additional inton'nation.) Assume Babbit use: a periodic record-keeping system and the FIFO cost ow method. 1. Calculate the cost of goods sold that will appear on the income statement for the month otAugust. 2. Determine the oost of inventory that will appear on the balanoe sheet at the end oiAugust. a. Calculate the cost of goods sold that will appear on the income statement for the month oi August [Enter 0's for any layers where there were no units sold.) Units x Cost per Unit : Total Com Units from beginning inventory 2 x 5 375 = 5 150 0 More Info Units from August 11 purchase 4 x 5 390 = 1.55\" Units from August 14 purchase 3 x 9' 33" : 99" August 11 Purchased four units at $390 each Units frurn August 25 purchase U x 5 325 : 0 August 13 Sold four units at 54% each 5 3 3"" August 14 Purchased six units at $330 Cost [It Gds Sold , FIFO mElhOd August 18 Sold one unit at $430 each August2| Sold four units at 5430 each h. Determine the cost of inventory thatwill appear on the balanee sheet at the end of August (Enter [J's for any layers where there were no units sold) August 26 Purchased one unit at $325 Units x Com per Unit = Total Cost Ilnilr- rm". hnn:nninn :mmnnnm n v 92 '17:. , fit it I Pn'nt ' I Done ' This question is complete, Move your cursor ouer ortap on the red arrows to see incorrect answers, a Secure l httpszww.mathxl.com[5tudentfPlayerHomework.aspx?homeworkld:4662205925tque5tlonld:3&flushed:false&cld:4855908¢emin:yes Act: 201-04 x. 04D - Spring 18 - Moore Arusa Mughal I | 3117118 6:43 PM Homework: Chapter 5 Exercises and Problems - Score: 8.85 of 10 pts I 1 3 are (8 complete) 7 ) HW Score: 84.25%, 84.25 of 100 pts E5-23A (similar to) l a; Question Help l g Babhit Projectors began the month of August with two movie projectors in inventory: each unltcostlng 5375. During August. eleven additional projectors oi the same model were purchased. 0 (Clidc the icon to vlew the additional lntonnatjonj Assume Babbl't use: a periodic record-keeping system and the FIFO cost ow method. 1. Calculate the cost of goods sold that will appear on the income statement for the month otAugust, 2. Determine the Dost of inventory that will appear on the balance sheet at the end otAugusL Units from August 14 purchase 3 x 5 330 = 990 - Units from August 26 purchase I] x $ 325 = (I 5 3,300 Cost of Goods Sold . FIFO method 0 More mm b. Determine the cost of inventory that will appear on the balanoe sheet at the end of August (Enter [J's for any laye rs where there were no un lts sold) Unlts x Costper Unit = Total Cost August 11 Purchased four units at 5390 each August 13 Sold four units at $430 each August 14 Punjiased six units at $330 August 18 Sold one unit at $430 each August 21 Sold four units at $430 each August 26 Purchased one unit 31.5325 Units from beginnlng inventory '1 x $ 375 = 5 (I Units from August 11 purchase (I I] . " ' U 'ts from August 14 purchase 3 x $ 330 = . 1 Units from August 25 purchase . Cost of Inventory - FIFO method % l Pl'll'lt H Done ' This question is complete. MOVE your CLIFSOI OVBI ortap 0n the red arrows to see incorrect answers