Please answer the following on a Microsoft document if possible: The following is an analysis of the Inventory of Kellys Krystals: Units Unit Cost Total
Please answer the following on a Microsoft document if possible:
The following is an analysis of the Inventory of Kellys Krystals:
Units Unit Cost Total
Nov 1 Beginning Inventory 5,000 $5.00 $25,000
Nov 5 Purchases 4,500 $8.50 $38,250
Nov 10 Purchases 2,000 $10.00 $20,000
Nov 20 Purchases 2,500 $12.50 $31,250
Total 14,000 $114,500
During the year, Kellys sold 9,500 units. Calculate Ending Inventory and Cost of Goods
Sold using the following methods:
1.) a. Average Method b. First-in, First-Out c. Last-in, First-Out
2.)If Kelly sells her Krystals for $18 each, what is the GROSS PROFIT Under all 3Methods?
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