January 1, Parker Limited had a beginning inventory of 20 surfboards which cost the company $90...

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January 1, Parker Limited had a beginning inventory of 20 surfboards which cost the company $90 each. 21-Mar 10 $80 $800 7-Aug 40 $90 $3,600 18-Nov 23-Dec 10 $60 15 $60 $600 $900 During the year the company sold 60 units. a.) Determine the cost of goods available for sale, assuming that the company is using periodic inventory. b.) Determine 1.) cost of goods sold 2.) cost of ending inventory under LIFO, FIFO, Weighted FIFO Date Open Units Price Units @ Price Cost Total Cost (FIFO) Total Cost 21-Mar 7-Aug 18-Nov 23-Dec LIFO Date Units Price Units @ Price Cost Total Cost (FIFO) Total Cost Open 21-Mar 7-Aug 18-Nov 23-Dec Weighted Date Units Price Units @ Price Cost Total Cost (FIFO) Total Cost Open 21-Mar 7-Aug 18-Nov 23-Dec 90 Total Opening Iventory Additions Cost of Goods Available for Sale Cost of Good Sold Closing Inventory Opening Iventory Additions Cost of Goods Available for Sale Cost of Good Sold Closing Inventory Opening Iventory Additions Cost of Goods Available for Sale Cost of Good Sold Closing Inventory + $0 $0 $0 88888 January 1, Parker Limited had a beginning inventory of 20 surfboards which cost the company $90 each. 21-Mar 10 $80 $800 7-Aug 40 $90 $3,600 18-Nov 23-Dec 10 $60 15 $60 $600 $900 During the year the company sold 60 units. a.) Determine the cost of goods available for sale, assuming that the company is using periodic inventory. b.) Determine 1.) cost of goods sold 2.) cost of ending inventory under LIFO, FIFO, Weighted FIFO Date Open Units Price Units @ Price Cost Total Cost (FIFO) Total Cost 21-Mar 7-Aug 18-Nov 23-Dec LIFO Date Units Price Units @ Price Cost Total Cost (FIFO) Total Cost Open 21-Mar 7-Aug 18-Nov 23-Dec Weighted Date Units Price Units @ Price Cost Total Cost (FIFO) Total Cost Open 21-Mar 7-Aug 18-Nov 23-Dec 90 Total Opening Iventory Additions Cost of Goods Available for Sale Cost of Good Sold Closing Inventory Opening Iventory Additions Cost of Goods Available for Sale Cost of Good Sold Closing Inventory Opening Iventory Additions Cost of Goods Available for Sale Cost of Good Sold Closing Inventory + $0 $0 $0 88888