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please include every component (: X Data Table May 5 Purchase 140 crates @ $87 each 160 crates @ $106 each May 13 Sale May
please include every component (:
X Data Table May 5 Purchase 140 crates @ $87 each 160 crates @ $106 each May 13 Sale May 18 Purchase May 26 Sale 154 crates @ $91 each 200 crates @ $112 each Print Done Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's co- Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. En inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 76 60 4560 5 140 87 12180 13 76 60 4560 84 87 7308 18 154 91 14014 26 56 87 4872 131041 144 91 Totals 294 26194 360 17976 9101 Determine the company's gross profit using the FIFO inventory costing method. Gross profit is 9516 using the FIFO inventory costing method. Requirement 2. Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's costo Read the requirements. Requirement 2. Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory costing method. Enterth Inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 5 13 18 26 Totals Determine the company's gross profit using the LIFO inventory costing method. Gross profit is using the LIFO inventory costing method. Requirement 3. Prepare a perpetual inventory record, using the weighted average inventory costing method, and determine the company" umpany y Uso Pront Uy U LIRUVUTY Wsuny liou. Gross profit is using the LIFO inventory costing method. Requirement 3. Prepare a perpetual inventory record, using the weighted-average Inventory costing method, and determine the comp Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted-average Inventory costing me merchandise inventory purchased, sold, and on hand at the end of the period. (Round weighted-average cost per unit to the nearest cm Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 5 13 18 26 Totals Determine the company's gross profit using the weighted average inventory costing method. FIFO LIFO Gross profit is using the weighted-average inventory costing method. Requirement 4. If the business wanted to pay the least amount of income taxes possible, wh If the business wanted to pay the least amount of income taxes possible, they would choose weighted-average. Enter any number in the edit fields and then continue to the next Step by Step Solution
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