March Sunday Monday Tuesday Wednesday Thursday Friday Saturday Legend No Purchases or Sales Purchases Sales 1 2. 5 6 7 8 9 March Sunday Monday Tuesday Wednesday Thursday Friday Saturday Legend No Purchases or Sales Purchases Sales 1 2 Purchase 100 units $50 each 4 5 6 7 8 3 Sunday Monday Tuesday Wednesday Thursday Saturday Legend No Purchases or Sales Purchases Sales 3 4 Purchase 400 units $55 each 13 14 16 15 . March uesday Wednesday Thursday Friday Saturday 1 2 8 6 Sales 420 units $85 each 19 20 18 21 Purchase 120 units $60 each 28. 4 25 25 26 Purchase 200 units $62 each 29 30 Sales 160 units $95 each 1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using UFO. 3. Compute the cost assigned to ending inventory using Weighted Average. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Inventory E Goods Purchased Gust per Cost of Goods Sold Cost per Cost of Goods unit Sold Cost per unit # of units sold * of units 1001 Required 1 Required 2 Required a Compute the cast assigned to ending Inventory using Firo. Perpetual FIFO bank Inventory Balance Goods Purchased #at Cost per units unit 100 @ $ 50.00 Date Costa Goods Sold Ct per Cost of Goods unit Sold # of units sold Gost per of units AR Inventory Balance $ 5,000.00 March 1 AE 100 50.00 March 5 eferences March 9 March 18 March 25 March 29 March 9 March 18 March 25 0.00 Required Z Required 1 Required 2 Required 3 compute the cost assigned to ending Inventory using LIFO. Perpetual LIFO: Inventory Balance Cost per cost per Goods Purchased #of units unit 100 50.00 Cost of Goods Sold Cost of Goods Sold Cost per # of units sold # of units Inventory Balance unit March 1 TO 100 $ 50.00 $ 5.000.00 Manch 5 March 9 Required 1 Required 2 Required 3 compute the cast assigned to ending Inventory using weighted Average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Goods Purchased #ot Cost of Goods Sold Cost per # of units sold Cost per unit Cost of Goods Sold # af units Inventory Balance Cast per Inventory Balance 50.00 = 5.000.00 March 1 100 $ 50.00 100 @ Manch 5 Average March March 18 Average March 23 March 29 0.00 Required 2 ng Weighted Average. (Round your average cost per unit to 2 decimal places.) Inventory Balance Cost of Goods Sold Cost per # of units units old Cost per unit Cost of Goods Sold unit 50.00] = Inventory Balance $ 5,000.00 1001 a $ 2. The CEO's bonus is calculated using net income before income taxes. If the CEO wishes to maximize her bonus, which of the following methods would you recommend? 3. Altematively, the CEO desires the method that minimizes income taxes paid by the company in the current year. If income taxes are based on a percentage of net income, which method would you recommend to the CEO? Complete this question by entering your answers in the tabs below. Required i FIRO Required 1 LIFO Required i Gross Profit Required 2 Required 3 The CEO has asked you to help her decide whether to use LIFO or FIFO for Inventory costing. Compute the gross profit earned by the company for both LIFO and FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Cost per of units sold Inventory Balance Inventory Cost per unit Balance 50.00 5.000.00 #of units Date Cost per unit Cost of Goods Sold 100 $ March 5 March 9 March 18 Perpetual FIFO Goods Purchased Cost per Cost of Goods Sold of units sold Cost per unit Cost of Goods Sold #of units Inventory Balance Inventory Cost per unit Balance $ 50.00 5.000.00 March 1 100 $ 50.00 100 @ March 5 March 9 March 18 March 25 March 29 0.00 0.00 Weakes you to help her decide whether to use UFO or faro for inventory costing. Compute the gross profit eamed by the company for both LIFO and FIFA Perpetual LIFO Cost of Goods Sold Cost pe of units sold Cest pe units Cost of Goods Sold of units Inventory Balance Cost per unit Inventory Balance $ 50.00 W 1001 1. The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the gross profit earned by the company for both LIFO and FIFO. 2. The CEO's bonus is calculated using net income before income taxes. If the CEO wishes to maximize her bonus, which of the following methods would you recommend? 3. Alternatively, the CEO desires the method that minimizes income taxes paid by the company in the current year. If income taxes are based on a percentage of net income, which method would you recommend to the CEO? Complete this question by entering your answers in the tabs below. Required 1 Required 1 LIFO Required 1 Gross Profit Required 2 Requlred 3 The CEO has asked you to help her decide whether to use LIFO or FIFO for Inventory costing. Compute the gross profit earned by the company for both LIFO and FIFO. FIFO: ko tableau 1. The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the grous profit eamed by the company for both LIFO and FIFO, 2. The CEO's bonus is calculated using net income before income taxes. If the CEO wishes to maximize her bonus, which of the following methods would you recommend? 3. Alematively, the CEO desires the method that minimizes income taxes paid by the company in the current year. If income taxes are based on a percentage of net income, which method would you recommend to the CEO? complete this question by entering your answers in the babs below. Required 1 LIRO Required 1 Gross Profit Required 1 FIFO Required 2 Required 3 Alternatively, the ceo desires the method that minimizes income taxes paid by the company in the current year. If Income taxes are based on a percentage of net Income, which method would you recommend to the CEO? If income taxes are based on a percentage of net income, which method would you recommend to the CEO?