PLEASE HELP AND ANSWER ALL PARTS!
Save Homework: A-11 Score: 1.15 of 5 pts 3 of 3 (3 complete HW Score: 45.05%, 3.15 of 7 pts E6-17A (similar to) Question Help Ron Company's inventory records for its retail division show the following at July 31 Click the loon to view the accounting records) At July 31, 11 of these units are on hand. Read the requirements: Requirement 1. Computo cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, then (0) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar) Number of units Cost of goods sold Erding inventory SAP ANS ? Enter any number in the edit fields and then click Check Answer 7 remaining parts Clear All Check Answer Homework: A-11 Save HW Score: 45.05%, 3.15 of 7 pts Question Help o Score: 1.15 of 5 pts 3 of 3 (3 complete E6-17A (similar to) Ron Company's inventory records for its retail division show the following at July 31 (Click the icon to view the accounting records.) At July 31, 11 of these units are on hand Read the requirements Inding inventory using (a) specific Round al final answers to the nearest Requiremont 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold & identification, then (b) average cost, then (0) Data Table whole dolar) Number of units Jul 1 Beginning inventory 9 units $ 165 $ 1,485 Cost of goods sold 15 Purchase 5 units a 166 $ 830 Ending inventory 26 Purchase 13 units 175 $ 2.275 Print Done Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Check Answer Survey of Accounting Riley Tompkins & 03/03/21 11:28 PM Save HW Score: 45.05%, 3.15 of 7 pts Question Help Homework: A-11 Score: 1.15 of 5 pts 3 of 3 (3 complete %E6-17A (similar to) Ron Company's inventory records for its retail division show the following at July 31: Click the icon to view the accounting records.) At July 31, 11 of these units are on hand Read the requirements Requirements Requirement 1. Compute cost of co Begin by entering the number of units identification, then (b) average cost whole dollar) 1. Compute cost of goods sold and ending inventory, using each of the following methods: Number a Specific identification, with seven $165 units and four $175 units still on hand at the end ont of goods sold b. Average cost Ending inventory d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? hventory using (a) specific o al final answers to the nearest of units c. FIFO Print Done Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Check
