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Please show all work and break down answers Accounting - Chapter 7 - Valuation of Inventories: A Cost Basis Approach (October 2022) begin{tabular}{|l|l|} hline Sales
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Accounting - Chapter 7 - Valuation of Inventories: A Cost Basis Approach (October 2022) \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Periodic-FIFO } \\ \hline & & Items & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|r|}{ Balance } \\ \hline 1-Aug & BB & 1,500 & $ & 8.50 & $ & 12,750.00 \\ \hline 8-Aug & Purch & 9,000 & $ & 9.00 & $ & 81,000.00 \\ \hline 17-Aug & Purch & 11,000 & $ & 9.50 & $ & 104,500.00 \\ \hline \multicolumn{7}{|c|}{ Goods Available for Sale } \\ \hline \multicolumn{7}{|c|}{ Ending Inventory } \\ \hline \multicolumn{2}{|c|}{ Sales } & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Sales & Ending Inventory \\ \hline & \\ \hline & \\ \hline & \\ \hline 1800 & 3500 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Periodic-FIFO } \\ \hline & & Items & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|r|}{ Balance } \\ \hline 1-Aug & BB & 1,500 & $ & 8.50 & $ & 12,750.00 \\ \hline 8-Aug & Purch & 9,000 & $ & 9.00 & $ & 81,000.00 \\ \hline 17.Aug & Purch & 11,000 & $ & 9.50 & $ & 104,500.00 \\ \hline \multicolumn{7}{|c|}{ Goods Available for Sale } \\ \hline \multicolumn{2}{|c|}{ Ending Inventory } & & & & & \\ \hline \multicolumn{2}{|c|}{ Sales } & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Sales & Ending Inventory \\ \hline & \\ \hline & \\ \hline 1800 & 3500 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Periodic-Specific Identification } \\ \hline & & Items & & & & Balance \\ \hline 1. Aug & BB & 1,500 & $ & 8.50 & $ & 12,750.00 \\ \hline 8-Aug & Purch & 9,000 & $ & 9.00 & $ & 81,000.00 \\ \hline 17. Aug & Purch & 11,000 & $ & 9.50 & $ & 104,500.00 \\ \hline \multicolumn{7}{|c|}{ Goods Available for Sale } \\ \hline \multicolumn{7}{|c|}{ Ending Inventory } \\ \hline \multicolumn{2}{|c|}{ Sales } & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|l|} \hline Sales & Ending Inventory \\ \hline & \\ \hline & 2000 \\ \hline & 1500 \\ \hline 1800 & 3500 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} 7 Accounting - Chapter 7 - Valuation of Inventories: A Cost Basis Approach (October 2022) \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Periodic-FIFO } \\ \hline & & Items & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|r|}{ Balance } \\ \hline 1-Aug & BB & 1,500 & $ & 8.50 & $ & 12,750.00 \\ \hline 8-Aug & Purch & 9,000 & $ & 9.00 & $ & 81,000.00 \\ \hline 17-Aug & Purch & 11,000 & $ & 9.50 & $ & 104,500.00 \\ \hline \multicolumn{7}{|c|}{ Goods Available for Sale } \\ \hline \multicolumn{7}{|c|}{ Ending Inventory } \\ \hline \multicolumn{2}{|c|}{ Sales } & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Sales & Ending Inventory \\ \hline & \\ \hline & \\ \hline & \\ \hline 1800 & 3500 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Periodic-FIFO } \\ \hline & & Items & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|r|}{ Balance } \\ \hline 1-Aug & BB & 1,500 & $ & 8.50 & $ & 12,750.00 \\ \hline 8-Aug & Purch & 9,000 & $ & 9.00 & $ & 81,000.00 \\ \hline 17.Aug & Purch & 11,000 & $ & 9.50 & $ & 104,500.00 \\ \hline \multicolumn{7}{|c|}{ Goods Available for Sale } \\ \hline \multicolumn{2}{|c|}{ Ending Inventory } & & & & & \\ \hline \multicolumn{2}{|c|}{ Sales } & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Sales & Ending Inventory \\ \hline & \\ \hline & \\ \hline 1800 & 3500 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Periodic-Specific Identification } \\ \hline & & Items & & & & Balance \\ \hline 1. Aug & BB & 1,500 & $ & 8.50 & $ & 12,750.00 \\ \hline 8-Aug & Purch & 9,000 & $ & 9.00 & $ & 81,000.00 \\ \hline 17. Aug & Purch & 11,000 & $ & 9.50 & $ & 104,500.00 \\ \hline \multicolumn{7}{|c|}{ Goods Available for Sale } \\ \hline \multicolumn{7}{|c|}{ Ending Inventory } \\ \hline \multicolumn{2}{|c|}{ Sales } & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|l|} \hline Sales & Ending Inventory \\ \hline & \\ \hline & 2000 \\ \hline & 1500 \\ \hline 1800 & 3500 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Sales & \\ \hline Cost of Goods Sold & \\ \hline Gross Profit & \\ \hline \end{tabular} 7Step by Step Solution
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