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Please help me with this two homework question's : A) The following information is available from Jansen's inventory records for Product X: Units Unit Cost

Please help me with this two homework question's :

A) The following information is available from Jansen's inventory records for Product X:

Units

Unit Cost

January 1, 2012 ( Beg. Inventory.)

800

$9.00

Purchases:

January 5, 2012

1,300

$10.00

January 25, 2012

1,200

$10.50

February 16, 2012

500

$11.00

March 26, 2012

900

$11.50

A physical inventory on March 31, 2012 shows 1,600 units on hand

REQUIRED:

Compute the ending inventory (assuming periodic system) at March 31, 2012, under each of the following inventory methods:

(a) FIFO

(b) LIFO

c) Weighted Average

B.

Aber Company manufactures one product. On December 31, 2011, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $270,000. Inventory data are as follows:

Year Inventory at year-end prices Priceindex(base year 2011)

2012 $378,000 1.05

2013 552,000 1.15

2014 575,000 1.25

REQUIRED:

Compute the inventory at December 31, 2012, 2013, and 2014, using the dollar-value LIFO method for each year.

image text in transcribed Develop a response in either Word or Excel and follow the instructions outlined in the Assignments Menu for submission. The following information is available from Jansen's inventory records for Product X: Units January 1, 2012 ( Beg. Inventory.) Unit Cost 800 $9.00 1,300 1,200 500 900 $10.00 $10.50 $11.00 $11.50 Purchases: January 5, 2012 January 25, 2012 February 16, 2012 March 26, 2012 A physical inventory on March 31, 2012 shows 1,600 units on hand REQUIRED: Compute the ending inventory (assuming periodic system) at March 31, 2012, under each of the following inventory methods: (a) FIFO (b) LIFO (c) Weighted Average B. Aber Company manufactures one product. On December 31, 2011, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $270,000. Inventory data are as follows: Year 2012 2013 2014 Inventory at year-end prices $378,000 552,000 575,000 Price index (base year 2011) 1.05 1.15 1.25 REQUIRED: Compute the inventory at December 31, 2012, 2013, and 2014, using the dollarvalue LIFO method for each year

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