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Presented below is information related to Blowfish radios for the Pharoah Company for the month of July Date Transaction Units In Unit Cost Total Units
Presented below is information related to Blowfish radios for the Pharoah Company for the month of July Date Transaction Units In Unit Cost Total Units Sold Selling Price Total $3.90$ 780 July 1 Balance 200 6 Purchase 1,600 4.00 6,400 7 Sale $7.00 4,200 600 7.30 10 Sale 600 4,380 4.30 12 Purchase 3,440 800 7.40 15 Sale 400 2,960 4.40 18 Purchase 600 2,640 22 Sale 7.40 800 5,920 4.38 4,380 25 Purchase 1,000 30 Sale 7.50 400 3,000 Totals 4,200 2,800 $20,460 $17,640 Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost LINK TO TEXT Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to 0 decimal places, e.g. 6,578.) (1) FIFO (2) LIFO (3) Weighted-average Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to o decimal places, e.g. 6,578.) (1) FIFO (2) LIFO (3) Weighted-average FIFO LIFO Weighted-Average Ending Inventory at July 31 LINK TO TEXT Which of the methods used above will yield the lowest figure for gross profit for the income statement? method will yield the lowest gross profit. LINK TO TEXT Which of the methods used above will yield the lowest figure for ending inventory for the balance sheet? 9 method will yield the lowest ending inventory. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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