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Irish Company has the following information available for the year Units Unit Cost 1/1 Beginning Inventory 100 57 1/20 Purchase 400 $9 7/25 Purchase
Irish Company has the following information available for the year Units Unit Cost 1/1 Beginning Inventory 100 57 1/20 Purchase 400 $9 7/25 Purchase 200 $10 390 300 $11 9/28 Sale 10/20 Purchase INSTRUCTIONS: Fill in the blanks provided by computing the necessary information. DO NOT WRITE S SIGNS. MAKE SURE YOU USE COMMAS WHERE NEEDED. FAILURE TO FOLLOW THESE INSTRUCTIONS WILL RESULT IN THE PROBLEM TO BE MARKED AS INCORRECT (NO-$10000) (NO-$10,000) (NO -10000) (YES-10,000) 1) The Units Available for sale are: 2) The Cost of Goods Available for Sale is: $ units 3) The total units in Ending Inventory is: 4) The total units sold is: USING PERIODIC FIFO units units 5) The Cost of Goods Sold for the year using PERIODIC FIFO is: $ 6) The value of Ending Inventory using PERIODIC FIFO is: $ USING PERIODIC LIFO 7) The Cost of Goods Sold for the year using PERIODIC LIFO is: $
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