Joe's Products Co. had the following purchase transaction during the first quarter of its fiscal year:

DateTransactionNumber

of UnitsPer

UnitJan. 1Beg. Inv.50$15Jan. 15Purchase100$18Feb. 15Purchase120$21March 15Purhcase80$25

Joe's Products sold 170 units at $30/unit during the quarter. Of the untis sold, 20 came from beginning inventory, 30 came from the Feb. 15 purchase, and 50 came form the March 15 purchase with the remaining units coming from Jan. 15.

Fill out the table below with the COGS, Ending Inventory, and Gross Margin under the four different inventory flow assumptions:

Specific

IdentificationFirst-In,

First-OutLast-In,

First-OutWeighted

Average CostCost of Goods SoldEnding

InventoryGross Margin

?

Chrome File Edit View History Bookmarks People Window Help 9 24 6 0 .. () 72% [4 # Sun 12:07 PM Q ACC 101 - Au X CengageNOV X C Periodic Inver x Periodic Invel X C Periodic Inver X o Mail - Zhao, X CengageNOV X C Required A. + C v2.cengagenow.com/ilrn/takeAssignment/viewAssignmentMain.do?assignmentld=1812152 G CENGAGE | CNOWV2 Assignments Grades Study Tools Long Quiz 7 Final 2.78 / 5.00 Joe's Products Co. had the following purchase transaction during the first quarter of its Score 3.03 of 3.30 (91.7%) fiscal year: 2 1.70 /1.70 Date Transaction Number ; Per Attempt 3.03 of 3.30 (91.7%) 3 3.03 /3.30 of Units : Unit Score Jan. 1 Beg. Inv. 50 $15 Jan. 15 Purchase 100 $18 Feb. 15 Purchase 120 $21 Comments March 15 : Purhcase 80 $25 Joe's Products sold 170 units at $30/unit during the quarter. Of the untis sold, 20 came from beginning inventory, 30 came from the Feb. 15 purchase, and 50 came form the No Comments March 15 purchase with the remaining units coming from Jan. 15. Fill out the table below with the COGS, Ending Inventory, and Gross Margin under the four different inventory flow assumptions: Specific First-In, Last-In, Identification First-Out First-Out Cost of Goods 3,440 2,970 3,890 Sold Ending Inventory 3,18 ,100 .180 Gross Margin 1,660 2,130 1,210 Cengage Learning | Privacy Center | Terms of Use | Copyright Notices | Cengage Technical Support | Nelson Technical Support | Accessibility | Version 8.048.3 Liluing Inventory (un... OCT .. X W PGA N 24 27 Fat QIY M