PR 6-3a Weighted average cost method with perpetual inventory (answer to #2 Gross Profit is $5,883,125)

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FO perpetual inventory ng inventory at Midnight Supplies and data on purchases a d ending March 31 are as follows: nd sales f Number of Units 7,500 22,500 11,250 3,750 1,500 54,000 27,000 25,500 45,000 30,000 7,500 26,250 Per Unit Transaction Date Jan. 1 Inventory Total 75.00 562,500 1,912,500 1,687,500 562,500 225,000 4,725,000 4,320,000 4,080,000 4,027,500 4,800,000 675,000 4,200,000 10 Purchase 28 Sale 30 Sale 85.00 150.00 150.00 150.00 87.50 160.00 160.00 89.50 160.00 90.00 160.00 Feb. 5 Sale 10 Purchase 16 Sale 28 Sale Mar. 5 Purchase 14 Sale 25 Purchase 30 Sale (C first-out method to be higher or lower? PR 6-2A LIFO perpetual inventory month period are shown in Problem 6-1A. Instructions 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the Obj. 2, 3 2. Gross profit, The beginning inventory at Midnight Supplies and data on purchases and sales for a three- $5,773,125 OW ME HOW EXCEL TEMPLATE similar to the one illustrated in Exhibit 4, using the last-in, first-out method. period. 3. Determine the ending inventory cost as of March 31. PR 6-3A weighted average cost method with perpetual inventory Obj. 2, 3 d for a thire 2. Gross profit, The beginning inventory for Midnight Supplies and data on purchases and sales for a three- $5,893,125 month period are shown in Problem 6-1A. Instructions 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the periocd 3. Determine the ending inventory cost as of Marc Obj. 2, 3 PR 6-4A Periodic inventory by three methods lidnight Supplies and data on purchases and sales for 2. Inventory, The month period are shown in Problem 6-1A. Instructions 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, 5881,250 using the first-in, first-out method and the periodic inventory system. 1 nnd the ost of ods sold for the three-month period