Question
I need this question answered for me. No matter what I can't figure out how to input it into my professor's answer. Assume that JavaJava
I need this question answered for me. No matter what I can't figure out how to input it into my professor's answer.
Assume that
JavaJava
Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory:
Jun.
1
Beginning merchandise inventory
24
units @
$26
each
12
Purchase
10
units @
$29
each
20
Sale
14
units @
$32
each
24
Purchase
15
units @
$30
each
29
Sale
21
units @
$32
each
Requirements
1. | Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method. | |||||||||||||||||||||
2. | Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method. | |||||||||||||||||||||
3. | Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)
Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costing method, (2) LIFO inventory costing method, and (3) weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods.
I need it in the format she has at the end there. |
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