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Please show calculations. Undew Inc's inventory records showed the following data for an item it sells regularly. Date Units Unit Cost Jan. 1 Inventory 1
Please show calculations.
Undew Inc's inventory records showed the following data for an item it sells regularly. Date Units Unit Cost Jan. 1 Inventory 1 2.800 $10.00 Jan. 3 Purchases 25.200 $10.40 Jan. 7 Sales (at $26 per unit) 9,800 Jan, 20 Purchases 8,400 $11.00 Jan, 22 Sales (at $27 per unit) 22,400 Jan. 30 Purchases 4,200 $12.00 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. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. S Periodic Inventory System Ending Inventory 1. Average cost method. 89,544 5 2. FIFO method 0 x 3. LIFO method. 0 x COGS 343,319 0 x 0x 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. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. COGS Perpetual Inventory System Ending Inventory 1. Moving average method. $ OX$ 2. FIFO method. OX 3. LIFO method OX OX OX OXStep by Step Solution
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