of 4 pts 8 of 10 (10 complete) W Score: 65.2% O (similar to) Questic Whitewall Tire Store completed the following perpetual inventory transactions for a line me icon to view the transactions.) quirements. More Info 24 tires $ 61 each Oct. 1 Beginning merchandise inventory 11 Purchase 76 each 23 Sale 83 each 6 tires @ $ 16 tires @ $ 14 tires @ $ 17 tires @ $ 26 Purchase 86 each 29 Sale 83 each Print Done number in the edit fields and then click Check Answer ining Clear All Check Answer bles finmgr....pptx Show Homework: Chapter 6 Graded Homework Save Score: 0.44 of 4 pts 8 of 10 (10 complete) W Score: 65.2%, 13.04 of ... %E6-20 (similar to) Question Help Aegume that Whitewall Tire Store completed the following perpetual inventory transactions for a line of tires: Click the icon to view the transactions.) Read the requirements. Requirement 1. Compute cost of goods sold and gross profit using the FIFO inventory costing method. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest Inventory layers first.) Purchases Unit Total Cost of Goods Sold Unit Total Quantity Cost Cost Inventory on Hand Unit Total Quantity Cost Cost Cost Cost Date Quantity Oct 1 11 be 23 Enter any number in the edit fields and then click Check Answer 6 Parts remaining Clear All Check Answer nobles in groot Show All X esc 000 E6-20 (similar to) Question Help Assume that Whitewall Tire Store completed the following perpetual inventory transactions for a line of tires: (Click the icon to view the transactions.) Read the requirements 561 Gross profit is $ using the FIFO inventory costing method. Requirement 2. Compute cost of goods sold and gross profit using the LIFO inventory costing method. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Cost of Goods Sold Inventory on Hand Purchases Unit Total Unit Total Unit Total Cost Date Quantity Cost Cost Quantity Sost Cost Quantity Cost Oct 1 11 23 Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Check Answer nobles finmgr....pptx Show All esc DOO DOO F2 F3 FA E6-20 (similar to) Question Help Assume that Whitewall Tire Store completed the following perpetual inventory transactions for a line of tires: (Click the icon to view the transactions.) Read the requirements Requirement 3. Compute cost of goods sold and gross profit using the weighted average inventory costing method. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar) Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted average inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Date Quantity Cost Quantity Quantity Cost Oct 1 Total Unit Total Cost Cost Cost Cost 11 23 26 29 Enter any number in the edit fields and then click Check Answer 2. parts remaining Clear All Check Answer nobles finmgr....pptx Show All MacBoo esc F1 20 000 F3 000 F ES Date Quantity Cost Cost Quantity Cost Cost QU Oct. 1 11 6 $ 76 $ 456 23 16 $ 64 $ 1,024 26 14 $ 86 $ 1.204 29 17 $ 75 $ 1,275 $ 1,660 $ 2,299 Totals 20 33 Compute gross profit using the weighted average inventory costing method. Gross profit is $ using the weighted-average inventory costing method. Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Ches nobles tinmgr....pptx esc F1 F2 000 000 F3 FA