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Please answer these 3 questions with explanation Thanks you so much for your helping 32-34. During 2018, Liberty Company has the following inventory transactions. Date
Please answer these 3 questions with explanation
Thanks you so much for your helping
32-34. During 2018, Liberty Company has the following inventory transactions. Date Transaction Units Cos! Total Cost Jan. 1 Beginning 10 $430$4,300 inventory Apr. 9 Purchase Oct. 4 Purchase 22 470 10,340 18 4007,200 50 $21.840 Jan. 1- Sales Dec. 31 Required: Using FIFO with a periodic inventory system, calculate cost of goods sold, ending inventory 35-37. During 2018, Liberty Company has the following inventory transactions. Date Transaction Jan. 1 Beginning Units Cost Total Cost 10$430 $4,300 inventory Apr. 9 Purchase Oct. 4 Purchase 22 470 10,340 18 400 50 7,200 $21,840 an. 1-Sales Dec. 31 Required Using LIFO with a periodic inventory system, calculate cost of goods sold, ending inventory 38-40. During 2018, Liberty Company has the following inventory transactions. on Units Cost Total Cost 430 $4,300 Date Transaction Jan. 1 Beginning Apr. 9 Purchase Oct. 4 Purchase 22 47010,340 18 400 7200 $21,840 50 Jan. 1- Dec. 31 Sales Required Using Weighted Average with a periodic inventory system, calculate cost of goods sold, ending inventoryStep by Step Solution
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