Instructions Question 1 4 pts using ex 6-10 FIFO (p. 320) assuming the following changes beginning inventory 7000 NOT 4000, April 19 Sale 4000 NOT 2500, June 30 purchase is 13000 Not 6000 and September 2 sale is 8500 not 4500 January 1 Ending inventory is e 140000 144000 180000 150000 ho h2 d uhe mventory balance after each sale. Pres- III llustrated in Exhibit 5. EX 6-9 Weighted average cost flow method under perpetual inventory system Obj. 3 ods The following units of a particular item were available for sale during the cal $154,400 ar: 1 Inventory 4,000 units at $20 Apr. 19 June 30 Sept. 2 Nov. 15 Sale Purchase Sale Purchase 2,500 units 6,000 units at $24 4,500 units 1,000 units at $25 The Determine the cost of goods sold ent the data in the form illustrated in Exhibit 5 firm uses the weighted average cost method with a perpetual inventory system. for each sale and the inventory balance after each sale. Pres- EX 6-10 Perpetual inventory using FIFO Obj. 3 me that the business in Exercise 6-9 maintains a perpetual inventory system. Determine 000 the cost of goods sold for each sale and the inventory balance after each sale, assuming the oods Assu first-in, first-out method. Present the data in the form illustrated in Exhibit 3. EX 6-11 Perpetual inventory using LIFO Assume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Present the data in the form illustrated in Exhibit 4. Obj. 3 ds 00 EX 6-12 Periodic inventory by three methods Obj. 2, 4 The units of an item available for sale during the year were as follows