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please help due at midnight! Information begin{tabular}{clrrrrr} Date & multicolumn{1}{c}{ Transaction } & Numberofunits & multicolumn{2}{c}{ Per Unit } & multicolumn{1}{c}{ Total } 1-Jan
please help due at midnight!
Information \begin{tabular}{clrrrrr} Date & \multicolumn{1}{c}{ Transaction } & Numberofunits & \multicolumn{2}{c}{ Per Unit } & \multicolumn{1}{c}{ Total } \\ 1-Jan & Begin Inventory & 10,000 & $ & 2.00 & $ & 20,000.00 \\ 10-Jan & purchase & 8,000 & $ & 2.05 & $ & 16,400.00 \\ 18-Jan & sale & 9,000 & $ & 9.00 & $ & 81,000.00 \\ 19-Jan & purchase & 17,000 & $ & 2.06 & $ & 35,020.00 \\ 22-Jan & sale & 15,000 & $ & 9.20 & $ & 138,000.00 \end{tabular} 1. Using Fifo, Complete the following chart to compute COGS and Ending Inventory 10-Jan purchase 18-Jan sale 19-Jan purchase 22-JansaleTOTAL 2 Determine the total sales the total COGS for the period. Joumalize the entries for sals and COGS. Assume all sales were on account, date of the entry for the month ended 1/31 Date31-Jan31-Jan 3 Determine the gross profit from sales for the period (month) Sales COGS Gross profit 4. Determine the ending inventory cost for 1/31 Ending inventoryStep by Step Solution
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