I need help to understand this chapter. kindly explain every calculation. Thank you in advance
on.comtow/connect.html Auraria Library Writing Center mit Hub Email Tutoring Center Events Calendar IT Services Helpd. er 7 Connect HW Help Save & Exit Submit Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its Inventory costing method perpetually at the time of each sale, as if it uses perpetual Inventory system. Assume Oahu Kiki's records show the following for the month of January. The company sold 270 units between January 16 and 23. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cont Total Cost 140 $ 75 $10.500 300 25.500 25.200 240 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. rences FIFO LIFO Cost of Ending Inventory Cost of Goods Sold 1 of 2 Next > Show A IMG-8742.JPG IMG_8738.jpg IMG-8744.JPG Fo....pdf Immigration Fo....pdf Lul HW 1 Saved Help Save & Exit Submis Spotter Corporation reported the following for June in its periodic Inventory records. Date Description Units Unit Cost June 1 Beginning 15 $ 9.00 11 Purchase 30 10.00 24 Purchase 25 12.00 30 Ending 29 Total Cost $135.00 300.00 300.00 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO. (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.) ences Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? ....pdf Immigration-Fo...pdf IMG-8744.JPG IMG-8742.JPG IMG_8738.jpg on.comtow/connect.html Auraria Library Writing Center mit Hub Email Tutoring Center Events Calendar IT Services Helpd. er 7 Connect HW Help Save & Exit Submit Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its Inventory costing method perpetually at the time of each sale, as if it uses perpetual Inventory system. Assume Oahu Kiki's records show the following for the month of January. The company sold 270 units between January 16 and 23. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cont Total Cost 140 $ 75 $10.500 300 25.500 25.200 240 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. rences FIFO LIFO Cost of Ending Inventory Cost of Goods Sold 1 of 2 Next > Show A IMG-8742.JPG IMG_8738.jpg IMG-8744.JPG Fo....pdf Immigration Fo....pdf Lul HW 1 Saved Help Save & Exit Submis Spotter Corporation reported the following for June in its periodic Inventory records. Date Description Units Unit Cost June 1 Beginning 15 $ 9.00 11 Purchase 30 10.00 24 Purchase 25 12.00 30 Ending 29 Total Cost $135.00 300.00 300.00 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO. (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.) ences Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? ....pdf Immigration-Fo...pdf IMG-8744.JPG IMG-8742.JPG IMG_8738.jpg
