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PLEASE ANSWER THIS AND SHOW ME THE ALL CALCULATION PROCESSES AS WELL The Manson Co. has the following information available during the fiscal year ended
PLEASE ANSWER THIS AND SHOW ME THE ALL CALCULATION PROCESSES AS WELL
The Manson Co. has the following information available during the fiscal year ended December 31, 2020. January 01 February 20 April 30 October 05 October 10 Inventory, beginning balance Sold Purchased Purchased Sold 180 units 145 units 350 units 225 units 540 units $30/unit $40/unit $32/unit $35/unit $50/unit Manson Co. uses a perpetual inventory system. . Calculate in a table a dollar value of ending inventor,' and cost of goods sold using the following methods: a. FIFO b. Moving weighted average c. Specific identification: on Febtuar,' 20 sold 145 units from the beginning inventoty balance, on October 10 sold 320 units from Apnl 30 purchase, 220 units from October 06 purchase Using your calculation on Part 1, complete the following schedule: 2. Sales Cost of goods sold Gross profit Gross profit ratio Spe c ific
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