Please only provide the formulas for the answer

x All answers must be entered as a formula. Click OK to begin. OK Inventory Costing Methods using Excel's SUM and Basic Math Functions Better Bottles, Inc. uses a periodic Inventory system and has provided its January Inventory account activity. The Controller has asked you to calculate the Ending Inventory and cost of Goods Sold values using periodic FIFO, LIFO, and Weighted-Average Cost methods. Use the Information Included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, C6 was entered, the formula would output the result from cell C6, or 30.00 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add). - (minus sign to subtract). (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if In a blank cell-C5+C6" was entered, the formula would add the values from those cells and output the result, or 52.00 in this example, If using the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell SUM(B4,85,86)" was entered the formula would output the result of adding those three separate cells, or 80 in this example. Similarly, if in a blank cell -SUM(B4:36)" was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 80 In this example. Inventory coating methods. Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign In X Calibri 11 Paste BIU- Cells - A % M A. Alignment Number Conditional Format as Cell Editing Formatting Table Styles Styles Better Bottles, Inc., uses a periodic inventory system and has the following Clipboard Font AL E B D 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 3 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 2015 20.00 400.00 Editing 5. Inventory conting methods - Excel ? 6 X ALE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calb 11 % M E- Paste BIU- A. Alignment Number Conditional Formatas Cell Calls Formatting Table Styles Clipboard Font Styles A1 1 X Better Bottles, Inc., uses a periodic inventory system and has the following B D E 1 Better Bottles, Inc., uses a periodicnventory system and has the following information available: 2 3 Deseription of Units Cost per Unit Total Cost 4 Beginning Inventory 20 S 20.00 S 400.00 5 Jan. 15 Purchase 27 22.00 594.00 6 Jan, 20 Purchase 33 30.00 990.00 7 Goods Available for Sale 80 S 1.984.00 8 Less: January Sales 36 9 Ending Inventory 44 10 11 12 Required: 13 D) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 5 Preu Next Paste BIU - A. Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Font Styles A1 X f Better Bottles, Inc., uses a periodic inventory system and has the following A B D E 131) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description #of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase -19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 Beginning Inventory 24 Jan. 15 Purchase 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 29 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 32 Jan. 15 Purchase 33 44 34 Prev 1 of 1 Next AT Better Bottles, Inc., uses a periodic inventory system and has the following E B D 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 29 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 32 Jan. 15 Purchase 33 44 34 35 LIFO Cost of Goods Sold 36 Description # of Units Cost per Unit Total Cost 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 36 40 41 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold 43 44 45 Weighted Cost of Goods Available for Sale 46 Average Cost - Number of Units Available for Sale 42 per Prev 1 of 1 Next Clipboard Font Styles A1 X V fo Better Bottles, Inc., uses a periodic inventory system and has the following E A B D 41 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold. 43 44 45 46 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale per unit 47 48 49 Weighted Average Ending Inventory # of Units Cost per Unit Total Cost 50 51 52 53 Weighted Average Cost of Goods Sold #of Units Cost per Unit Total Cost 54 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LEO Wid. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory Prau Next A1 X f Better Bottles, Inc., uses a periodic inventory system and has the following A D E B Number of Units Available for Sale 46 Average Cost 47 48 Weighted Average Koding Inventory of Units Cost per Unit Total Cost 49 SO 51 52 53 Weighted Average Cost of Goods Sold of Units Cost per Unit Total Cost 54 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 64 65 66 67 Prev 1 of 1 Next