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Please help I am stuck!! ACCT 201, Accounting Information for Decision Making megan turner & I 10/01/209:59 PM Save Homework: Chapter 6 Homework Score: 0.38
Please help I am stuck!! ACCT 201, Accounting Information for Decision Making megan turner & I 10/01/209:59 PM Save Homework: Chapter 6 Homework Score: 0.38 of 1 pt 4 of 62 complete HW Score: 22.62%, 1.36 of 6 pts E6A-26 (book/static) Question Help o Assume that Jump Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory (Click the icon to view the transactions) Read the requirements Requirements 1., 2., and 3. Compute ending merchandise Inventory, cost of goods sold and groen profit using the (1) FIFO inventory cosing method, (2) UFO inventory conting method, and () weighted average Inventory coating method. (Round weighted average cost per unit to the recrest cent and all other amounts to the nearest dolar) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods More Info Requirement 1. Requirement Requirements: FIFO LIFO Weighted Average Beginning merchandise inventory 2555 256 Juni 1 Beginning merchandise Inventory 17 units@ $ Plus 348 Not purchases 348 12 Purchase Sunits Cost of goods available for sale 603 603 500 20 S 14 37 each Less Ending merchandise inventory (138 100 (110 24 Purchase 115 23 each $ Cost of goods sold 485 13 units 37 each Now compute the gross profit under each inventory costing method Requirement Print Done FO 15 ch 19 each Cost of Good Gold Gross Profit Enter any number in the editfelds and then chok Check Answer parts remaining Clear All Check
Please help I am stuck!!
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