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please solce question 5 ( part 4) INVENTORY COST FLOW: part 1 Inventory related transactions for the month of January. Use to solve the next
please solce question 5 ( part 4)
INVENTORY COST FLOW: part 1 Inventory related transactions for the month of January. Use to solve the next several questions. Jan 1: Beginning Inventory: 2,000 units at $4 cost per unit. Jan 8: Sold 1,000 units to a customer at a SALES PRICE of $9 per unit. Jan 12: Purchase from supplier: 4,000 units at $6 PURCHASE PRICE per unit. Jan 22: Sold 3,000 units at a sales price of $11 per unit. Jan 25: Purchase from supplier 3,000 units at $7 purchase price per unit. Jan 27: Sold 2,000 units at a sales price of $13 per unit. You should leave off the "$" when entering your answer. If you forget I will manually adjust your grade later as Canvas will mark it wrong. 1) Calculate GOODS AVAILABLE for the month in DOLLARS $ 2) Calculate GOODS AVAILABLE FOR SALE for the month in UNITS (QUANTITY) 3) Calculate TOTAL SALES for the month in DOLLARS $ 4) Calculate TOTAL SALES for the month in UNITS (QUANTITY) 5) Calculate ENDING INVENTORY in UNITS (QUANTITY) YOU MAY USE THE FORMAT/PROCESS I SHOWED WHEN SOLVING EXAMPLES OR YOUR OWN FORMAT PLEASE CLEARLY LABEL THESE CALCULATIONS SHOULD BE INCLUDED IN YOUR PDF UPLOAD INVENTORY COSTING PERIODIC SYSTEM (part 2 of 4): Use the same inventory transactions as above Calculate COGS for the month of January and Ending Inventory (EI) (in dollars, not units ROUNDING NOTE: When applicable I carried my decimals to 2 places a $10 rounding difference on one of the methods. If you have a small rounding difference, just make note of it on your handwritten work. Periodic Weighted Average COGS $ Periodic Weighted Average El $ Periodic FIFO COGS $ Periodic FIFO EI $ Periodic LIFO COGS $ Periodic LIFO EI $ YOU MAY USE THE FORMAT/PROCESS I SHOWED WHEN SOLVING EXAMPLES, OR YOUR OWN FORMAT. PLEASE CLEARLY LABEL THESE CALCULATIONS SHOULD BE INCLUDED IN YOUR PDF UPLOAD Question 4 32 pts INVENTORY COSTING: PERPETUAL SYSTEM (part 3 of 4) Use the same inventory transactions listed above Calculate COGS for the month of January and Ending Inventory (EI) (in dollars, not units) Perpetual Weighted Average COGS $ Perpetual Weighted Average El $ Perpetual LIFO COGS $ Perpetual LIFO EI $ YOU MAY USE THE FORMAT/PROCESS I SHOWED WHEN SOLVING EXAMPLES, OR YOUR OWN FORMAT. PLEASE CLEARLY LABEL THESE CALCULATIONS SHOULD BE INCLUDED IN YOUR PDF UPLOAD Question 5 4 pts INVENTORY COSTING: One more costing system and method (part 4 of 4): still using the same transactions Perpetual FIFO COGS $ Perpetual FIFO EI $ Step by Step Solution
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