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please do second part first Inventory data for ABC Company for the year ended December 31,2021 , are as follows: Required: 1. Assume ABC Company
please do second part first
Inventory data for ABC Company for the year ended December 31,2021 , are as follows: Required: 1. Assume ABC Company uses a Perpetual inventory system. Compute the Company's ending inventory balance on December 31, 2021, and the Cost of Goods Sold for the year, using the Weighted Average method of cost determination. 2. Assume ABC Company uses a Periodic inventory system. Compute the Company's ending inventory balance on December 31 , 2021, and the Cost of Goods Sold for the year, using the Weighted Average method of cost determination. Clearly label whether your answers are for a Periodic or a Perpetual inventory system. You may answer directly in the textbox, or attach a scanned copy of your handwritten answer (with a maximum of two attachments). You cannot use a spreadsheet and must show all work to receive credit Step by Step Solution
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