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Part One SwimMart, a retail store specializing in beach apparel, has the following information related to purchases and sales of one of its more popular
Part One SwimMart, a retail store specializing in beach apparel, has the following information related to purchases and sales of one of its more popular products, Sanuk sandals. Calculate Cost of Good Sold (coGs) and ending inventory as directed below, using the PERIODIC method Dat escription Units Purch Purchase Pi Units S Sale Price 1. a. Calculate COGS using the weighted average method of inventory valuation. HINT: Start with goods available for sale Use the srey space below as a worksheet to show your work and then calculate our answer in th Beginning Inventory (S) Beginning Inventory (units) Purchased Inventory (S) Purchased Inventory (units) Goods Available for Sale (S) Goods Available for Sale (unit S according to the weighted average method is 1. b. Calculate COGS using the FIFO method of inventory valuation. Use the srey space below as a worksheet to show your work and then calculate your answer in the space provided. S according to the FIFO method is are the Cost Goods Sol 1ournal ent are the Cost Goods Sol Prepare the Sales Revenue journal entr
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