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In part a) of Q6, please directly calculate the COGS of each sale using the unit cost information provided in brackets following the transaction description.
In part a) of Q6, please directly calculate the COGS of each sale using the unit cost information provided in brackets following the transaction description. In parts e) and f) of Q6, as required by the system, when calculating the total cost for each batch of inventory, please round to the nearest whole number. Exmaple: Ending inventory =0.371100+0.396100+0.416100=37.1+39.6+41.6 Then we should round each of 37,1,39.6,41.6 into 37,40,42 first. In this example, Ending inventory 37+40+42=119 (NOT 37.1+39.6+41.6=118.3=118!) On December 1, 2020, Vaughn Printers had the account balances shown below. (8,1000.65) The following transactions occurred during December: Dec. 3 Purchased 10,800 units of inventory on account at a cost of 0,72 per unit. 5 Sold 11,880 units of inventory on account for 0.92 per unit. (It sold 8,100 of the 0.65 units and 3,780 of the 0.72. ) 7 Granted the December 5 customer 497 credit for 540 units of inventory returned costing 380. These units were returned to inventory. 17 Purchased 5,940 units of inventory for cash at 0.78 each. 22 Sold 5.400 units of inventory on account for 0.95 per unit. (It sold 5.400 of the 0.72 units.) the Compute ending inventory and cost of goods sold under FIFO, assuming Vaughn Printers uses the periodic inventory system. Ending Inventory E Cost of Goods Sold
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