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Please give the two answer for yellow boxes with provide right formulas 1. Calculate cost of ending inventory and cost of goods sold using periodic
Please give the two answer for yellow boxes with provide right formulas
1. Calculate cost of ending inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average Cost methods. X] 5 5 Inventory costing methods - Excel ? . X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 - APA % Paste BIU A Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font D24 fx A B D E F 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 3 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 20 $ 20.00 $ 400.00 5 Jan. 15 Purchase 27 22.00 594.00 6 Jan. 20 Purchase 331 30.00 990.00 7 Goods Available for Sale 80 $ 1,984.00 8 Less: January Sales 36 A D E F B 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 3 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 20 $ 20.00 $ 400.00 5 Jan. 15 Purchase 27 22.00 594.00 6 Jan. 20 Purchase 33 30.00 990.00 7 Goods Available for Sale 80 $ 1,984.00 8 Less: January Sales 36 9 Ending Inventory 44 10 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 33 $ 30.00 $ 990.00 18 Jan. 15 Purchase 11 22.00 19 44 20Step by Step Solution
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