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Please help!! Required: 1. Based on the information given above, calculate cost of goods sold and ending inventory using the FIFO method. 2. Calculate cost
Please help!! Required: 1. Based on the information given above, calculate cost of goods sold and ending inventory using the FIFO method. 2. Calculate cost of goods sold and ending inventory using the LIFO method. 3. Calculate cost of goods sold and ending inventory using the Weighted Average Method. 4. Calculate gross profit under all three methods. Requirement 1: Cost of Goods Sold and. Ending Inventory under FIFO (Use cells A2 to E12 from the given information above to complete this question. To calculate the number of units sold within each batch, use the MIN function.) Requirement 3: Cost of Goods Sold and Ending Inventory under Weighted Average (a) Calculate the weighted-average unit cost. (Use cells A2 to E12 from the given information above to complete this question.) Weighted-average unit cost = (b) Calculate cost of goods sold and ending inventory using the weighted-average method. (Use cells A2 to E12 from the given information above to complete this question. In your formula, use cell B44 for the weighted-average unit cost.) Requirement 2: Cost of Goods Sold and Ending Inventory under LIFO (Use cells A2 to E12 from the given information above to complete this question. To calculate the number of units sold within each batch, use the MIN function.) A company provides the following inventory records. Required: 1. Based on the information given above, calculate cost of goods sold and ending inventory using the FIFO method. 2. Calculate cost of goods sold and ending inventory using the LIFO method. (Use cells A2 to E12 from the given information above to complete this question. In your formula, use cell B44 for the weighted-average unit cost.) Requirement 4: Gross Profit (Use cells A2 to E12 from the given information above to complete this question. All values should be input and displayed as positive amounts.)
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