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PLEASE PREPARE FIFO, LIFO AND WEIGHTED AVERAGE METHODS using information provided. Will give thumbs up for complete work (no explanation needed) thank you in advance

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PLEASE PREPARE FIFO, LIFO AND WEIGHTED AVERAGE METHODS using information provided. Will give thumbs up for complete work (no explanation needed) thank you in advance
image text in transcribed
image text in transcribed
here are clearer pictures, please compute gross profit for fifo lifo and weighted average as well please!
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YO CS 11 Q D 11 the Read the requirements, Requirement 1. Prepare a perpetual inventory record, using the FIFO Inventory costing method, and determine the company's c Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method the quantity and total cost of merchandise inventory purchased sold and on hand at the end of the period. (Enter the oldest inve Purchases Cost of Goods Sold Inventory on Hand Unit Total Total Unit Total Unit Date Quantity Bost Cost Cost Cost Cost Quantity Cost Quantity Jan. 1 5 13 18 26 Totals N Determine the company s gross profit using the FIFO Inventory costing method Gross profils using the FIFO Inventory costing method Requirement 2. Prepare a perpetual inventory record. Musing the LIFO Inventory costing method and determine the company's cc (0 complete) chandise on account as follows handise inventory and gross profit. ological order, calculating new inventory on hand balances after each transaction. Once all of the transa Data Table - X Jan.5 Purchase Jan. 13 Sale 155 crates @ 571 each 180 crates @ 596 each 193.crates @ $75 each 200 crates @ $104 each Jan. 18 Purchase Jan. 26 Sale Print Done merchandise inventory and gross profit ronological order, calculating new inventory on hand balances after each transaction Once all of the transaction mpany's cost of goods sold, ending merchandise inventory, and gross profit method. Enter the transactions in chronological order, calculating new inventory on hand Idest inventory layers first.) Data Table Jan.5 Purchase Jan. 13 Sale 155 crates @ $71 each 180 crates @ $96 each 193 crates @ $75 each 200 crates @ $104 each Jan. 18 Purchase Jan, 26 Sale Print Done company's cost of goods sold, ending merchandise inventory, and gross profit. eng method Enter the transactions in chronological order, calculating new inventory on hand balan e oldest inventory layers first) otal Zost

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