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need help plz with accounting (every 2 pics of the 6 photos are of the same problem they just couldnt fit into one pic). Perpetual
need help plz with accounting (every 2 pics of the 6 photos are of the same problem they just couldnt fit into one pic).
Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year: The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, firstout method. Present the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column. item were available for sale during the calendar )ventory system. Determine the cost of goods sold balance after each sale, assuming the last-in, firstthe form illustrated in Exhibit 4. Under LIFO, if units different costs, enter the units with the LOWER unit Cost column. Perpetual Inventory Using FIFO The following units of a particular item were available for sale during the calendar year: The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the first-in, first-out method. Present the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. r item were available for sale during the calendar year: is at $39 iventory system. Determine the cost of goods sold for after each sale, assuming the first-in, first-out form illustrated in Exhibit 3. Under FIFO, if units are in enter the units with the LOWER unit cost first in the umn and in the Inventory Unit Cost column. Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year: The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary. Inder Perpetual Inventory System were available for sale during the calendar year: ost method with a perpetual inventory system. ch sale and the inventory balance after each sale. d in Exhibit 5. Round unit cost to two decimal Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of the goods sold on October 24 and (b) the value of inventory on hand on October 31 . Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places. per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places. c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31 . Round your "average unit cost" to two decimal places Step by Step Solution
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