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please make the answers clear and straightfoward in the same layout, no need for explanations i just need it fast Determine the cost of goods
please make the answers clear and straightfoward in the same layout, no need for explanations i just need it fast
Determine the cost of goods sold and ending merchandise invertory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month: \begin{tabular}{ll} August 3: & 4 books costing $15 each \\ August 15: & 4 books costing $15 each and 8 books costing $21 each \\ August 28: & 2 books costing $21 each and 5 books costing $26 each \end{tabular} Start by entering the beginning inventory balances. Enter the transactions in chronological ordet, calculating new inventory on hand balances after each transaction. Once all of the transactions have b. Dotermine the cost of goods sold and ending merchandise imventory by preparing a perpetual inventory record using the fIFO inventary cosing method. Start by entering the beginning inventory balances. Enter the transactions in chronological older, calculating new inventory on hand batances affer each transaction, Once all of the transactions have c. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LiFO invertory costing method. Start by entering the begining inventory balances. Enter the transactions in chronological order, calowising new imventory on hand batances after each transaction. Once at of the transactions hav d. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual imventory recond using the weighted-average inventory costing method. Start by entening the begining iwentory balances. Enter the transactions in chronological ondw, calculating new inventory on hand balances after each transaction. Once al of the transactions have been entered into the perpetuat recond, calculate the quantify and total cost of merchundise inventory purchased, sold, and on hand at the ond of the penod, (Reumed weighted average unt cost to the nearest cent and total cost to the nearest dollar.) following transactions in August related to merchandise inventory. w the transactions.) More info Step by Step Solution
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