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Please make answer this in the exact format (2) FIFO (perpetual) - Note: Do not use negative signs with any of your answers. - Note:
Please make answer this in the exact format
(2) FIFO (perpetual) - Note: Do not use negative signs with any of your answers. - Note: On each date. list the inventorv units in chronological order hased on their nurchase date with heginning inventorv. if anv. listed first (3) LIFO Method (periodic) - Note: Do not use negative signs with any of your answers. a. Assuming that Undew maintains a periodic inventory system, compute ending inventory and cost of goods sold for the month ending January 31 using (1) average cost, (2) FIFO, and (3) LIFO. b. Assuming that Undew maintains a perpetual inventory system, compute ending inventory and cost of goods sold for the month ending January 31 using (1) moving average, (2) FIFO, and (3) LIFO. (1) Moving Average (perpetual) -Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations. -Note: Do not use negative signs with any of your answers. Periodic and Perpetual Systems-Calculating Ending Inventory and Cost of Sales Using Average Cost (Moving Average), FIFO, and LIFO Undew Inc.'s inventory records showed the following data for an item it sells regularly. (1) Average cost method (periodic) - Note: Use the result EXACTLY as displayed above in the calculations below. -Note: Do not use negative signs with any of your answers. - Note: Round your final answers to the nearest whole dollar. (2) FIFO Method (periodic) - Note: Do not use negative signs with any of your answer 3. LIFO (perpetual) -Note: Do not use negative signs with any of your answers. -Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first. (2) FIFO (perpetual) - Note: Do not use negative signs with any of your answers. - Note: On each date. list the inventorv units in chronological order hased on their nurchase date with heginning inventorv. if anv. listed first (3) LIFO Method (periodic) - Note: Do not use negative signs with any of your answers. a. Assuming that Undew maintains a periodic inventory system, compute ending inventory and cost of goods sold for the month ending January 31 using (1) average cost, (2) FIFO, and (3) LIFO. b. Assuming that Undew maintains a perpetual inventory system, compute ending inventory and cost of goods sold for the month ending January 31 using (1) moving average, (2) FIFO, and (3) LIFO. (1) Moving Average (perpetual) -Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations. -Note: Do not use negative signs with any of your answers. Periodic and Perpetual Systems-Calculating Ending Inventory and Cost of Sales Using Average Cost (Moving Average), FIFO, and LIFO Undew Inc.'s inventory records showed the following data for an item it sells regularly. (1) Average cost method (periodic) - Note: Use the result EXACTLY as displayed above in the calculations below. -Note: Do not use negative signs with any of your answers. - Note: Round your final answers to the nearest whole dollar. (2) FIFO Method (periodic) - Note: Do not use negative signs with any of your answer 3. LIFO (perpetual) -Note: Do not use negative signs with any of your answers. -Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed firstStep by Step Solution
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