Jallipany Carlon, Financial Accounting: Reporting, Analysis and Decision Making, 6e JS Help System Announcements PRI End of Chapter Exercise 5.7 Fenning Pty Ltd reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases Purchases Inventory Units 200 310 500 Unit cost $10 12 Total cost $2,000 3,720 7,000 14 180 Required Calculate cost of the ending Inventory and the cost of sales under FIFO, LIFO and average cost. (Round average cost per unit calculations to 2 decimal places, e.g. 12.36 and final answers to o decimal places, e.g. 2,347.) Ending inventory Cost of sales (a FIFO $ () LIFO $ (c) Average cost $ Click if you would like to Show Work for this question: Open Show. Work Question Attempts: 0 of 2 used SAVE FOR L search O PRINTER VERSION CRACK End of Chapter Exercise 5.9 The following information is available for BJ Electronics Ltd for 2015, 2016 and 2017 Beginning inventory Ending Inventory Cost of sales Sales 2015 $'000 000 999 919 9,203 19,231 2016 $'000 000 919 771 8,679 22,054 2017 $'000 000 771 944 10,237 22,580 Required Calculate the inventory turnover ratio, days in Inventory and gross profit ratio (from chapter 4) for BJ Electronics Ltd for 2015, 2016 and 2017 (Round inventory turnover ratio to 2 decimal places, e.g. 9.16, days in inventory to 1 decimal place, e.g. 40.3 and gross profit ratio to 2 decimal places, e.g. 0.43.) BJ Electronics Ltd 2015 2016 2017 Inventory turnover ratio Days in inventory days days days Gross profit ratio Click if you would like to Show Work for this question: Open Show Work 10:30 PM 8/30/2020 to search O TI IS Assessment to accompany Carlon, Financial Accounting: Reporting, Analysis and Decision Making, 6e Help System Announcements PRINTER VERSION