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Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 4 0 $ 6 7 0 $ 2 6 , 8 0 0 8

Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 40 $670 $26,8008 Purchase 12069082,80011 Sale 601,12067,20030 Sale SO 1,12056,000 May 8 Purchase 10070070,00010 Sale 801.12089,60033,60019 Sale 301,12028 Purchase 120707 June 5 Sale 601,26016 Sale 401,26084,84075,60050,400128,160239.40021 Purchase 18071228 Sale 1901,260 Required: 1. Determine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system Merchandise inventory, June 30 Cost of merchandise sold 2. Determine the inventory on June 30 and the cost of merchandise sold for the three month period, using the last in, first-out method and the periodic inventory Required: 1. Determine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the first.in, first-out method and the periodic inventory system Merchandise inventory, June 30 Cont of merchandise sold 2. Ottermine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the last in, first-out method and the periodic inventory system Merchandise inventory, June 30 Cost of merchandise sold 3. Determine the inventory on June 30 and the cost of merchandise sold for the three month period, using the weighted average cost method and the periodic inventory system, Round the weighted average unit cost and final answers to the nearest dollar. Merchandise inventory, June 30 Cost of merchandise sold 4. Compare the gross profit and June 30 inventories using the following column headings, Enter all amounts as positive numbers. Weighted Average FIFO LIFO Sales Cost of merchandise sold Gross profit Inventory, June 30

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