Packet Exercise 7.1 Continued COGS Inventory Information Purchased/ items Sold Unit cost Total batch COS LIFO Ending inventory in Total Cost Inventory Cost Total Cost sold Unt 12.50 $ 2.50 S 2.50 Date Bes, Inventory 1/5/2021 1/6/2021 1/10/2021 1/15/2021 1/20/2021 1/25/2021 End Inventory 5 purchased $2.50 $ (3) sold 8 purchased $ 3.00 S 9 purchased $ 3.60 $ 10 purchased $ 3.75 $ (20) sold 9 $ 24.00 32.40 37.50 $ 3,00 $ 3.60 S 3.75 $ $ 5 3.00 3.60 3.75 106.40 Total Total 8.9 Date Beg Inventory 1/5/2021 1/10/2021 1/15/2021 1/20/2021 1/25/2021 End Inventory Inventory Information Weighted Average Purchased/ Total batch Items Sold Unit cost cost Cost of goods available for sale 5 purchased S 2.50 $ 12.50 units purchased (include Beg inventory! 8 purchased S 3.00 S 2400 Weighted Average cost 9 purchased $ 3.60 $ 32.40 10 purchased $ 3.75 $ 37.50 units sold 23 (23) sold a units in ending inventory 9 9 $ 106.40 Total eestions: 4) Was LIFO COGS and El different when sales were made during the month instead of at the end of the month? 51 Would the weighted average cost of inventory change it more purchases and sales were made during the math DOO 6) fall of the items were sold during the month would matter which inventory cost method was used