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may you also explain how to do it in terms of cells and excel functions plugged in ( show how how did it ) thank

may you also explain how to do it in terms of cells and excel functions plugged in ( show how how did it ) thank you ! image text in transcribed
image text in transcribed
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1. Calculate cost of ending inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average Cost methods. ? Inventory costing methods - Excel FORMULAS DATA REVIEW 05 FILE HOME X Caibri X INSERT PAGE LAYOUT VIEW Sign In 11 -AN % M Paste BIU- SB Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X Better Bottles, Inc., uses a periodic inventory system and has the following E F B D 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 Beginning Inventory 24 Jan. 15 Purchase 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodie LIFO. 28 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 32 Jan. 15 Purchase 33 34 35 LIFO Cost of Goods Sold Sheet1 100% READY Attempt(o) Using periodic FIFO, LIFO, and weighted Average Cost met ? Inventory costing methods - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign in X Calibri Paste BIU- -AA % M Alignment Number Conditional Format as Cell Cells Editing Formatting" Table - Styles Styles Better Bottles, Inc., uses a periodic inventory system and has the following Clipboard Font A1 B D E 43 44 45 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale 46 per unit 47 48 Weighted Average Ending Inventory # of Units Cost per Unit Total Cost 50 51 52 Weighted Average Cost of Goods Sold 53 # of Units Cost per Unit Total Cost 54 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 65 Sheet1 + 100% READY Attempt(s) 1. Calculate cost of ending inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average Cost methods. ? Inventory costing methods - Excel FORMULAS DATA REVIEW 05 FILE HOME X Caibri X INSERT PAGE LAYOUT VIEW Sign In 11 -AN % M Paste BIU- SB Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X Better Bottles, Inc., uses a periodic inventory system and has the following E F B D 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 Beginning Inventory 24 Jan. 15 Purchase 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodie LIFO. 28 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 32 Jan. 15 Purchase 33 34 35 LIFO Cost of Goods Sold Sheet1 100% READY Attempt(o) Using periodic FIFO, LIFO, and weighted Average Cost met ? Inventory costing methods - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign in X Calibri Paste BIU- -AA % M Alignment Number Conditional Format as Cell Cells Editing Formatting" Table - Styles Styles Better Bottles, Inc., uses a periodic inventory system and has the following Clipboard Font A1 B D E 43 44 45 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale 46 per unit 47 48 Weighted Average Ending Inventory # of Units Cost per Unit Total Cost 50 51 52 Weighted Average Cost of Goods Sold 53 # of Units Cost per Unit Total Cost 54 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 65 Sheet1 + 100% READY Attempt(s)

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