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I need the formulas as it's an excel assignment. Saved wu . 11 Better Bottles, Inc., uses a periodic inventory system and has the following
I need the formulas as it's an excel assignment.
Saved wu . 11 Better Bottles, Inc., uses a periodic inventory system and has the following A B C D E Better Bottles, Inc., uses a periodic inventory system and has the following information available: # of Units Description Beginning Inventory Jan. 15 Purchase Jan. 20 Purchase Goods Available for Sale Less: January Sales Ending Inventory 0 Cost per Unit 20 $ 20.00 $ 27 22.00 33 30.00 80 $ Total Cost 400.00 594.00 990.00 1.984.00 36 44 2 Required: 3 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. Alfo Ending Inventory # of Units Cost per Unit Total Cost 5 16 Description 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 FIFO Cost of Goods Sold # of Units Cost per Unit Total Cost 22 Description 23 Beginning Inventory - Sheet1 -MH READY E 44 FIFO Cost of Goods Sold # of Units Cost per Unit Total Cost Description nventory hase 36 both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. LIFO Ending Inventory # of Units Cost per Unit Total Cost Description nventory Chase 44 LIFO Cost of Goods Sold # of Units Cost per Unit Total Cost Description chase chase 36 eriodic Weighted Average, first calculate the cost per unit using the formula below: A1 X N Better Bottles, Inc., uses a periodic inventory system and has the following B D E 41 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and cost of Goods Sold. 44 45 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale per 48 49 Weighted Average Ending Inventory # of Units Cost per Unit Total Cost 52 53 Weighted Average Cost of Goods Sold # of Units Cost per Unit Total Cost Wtd. Avg. 55 56 4) Use the given information and your calculated numbers to complete the cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO UFO 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold Sheeti 4 READYStep by Step Solution
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