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I want the answers written just like the answer form below please. Alpha Watches specializes in designer watches and leather goods. Alpha Watches uses the
I want the answers written just like the answer form below please.
Alpha Watches specializes in designer watches and leather goods. Alpha Watches uses the perpetual inventory system. Assume Alpha Watches began June holding 10 wrist-watches that cost $50 each. During June, Alpha Watches bought and sold inventory as follows: Jun. 3 Jun. 16 Jun. 23 Sold 8 units for $100 each Purchased 10 units at $56 each Sold 8 units for $100 each Requirements: 1. Determine the cost of goods sold and cost of ending inventory, at the end of each day, for Alpha Watches using the FIFO, LIFO, and weighted average inventory costing method. FIFO Date June 1 Cost of Good Available Cost of goods Sold Cost of Ending Inventory June 3 June 16 June 23 TotalStep by Step Solution
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