Ques 9: Rogers made few purchases and few sales for apple iPod. Calculate the Gross profit and Cost of Goods Sold for Apple iPod for Rogers for the month of Jan by using perpetual inventory system (20 pts) a. FIFO (10 Pts) b. Moving Weighted Average Method (10 pts). Round off the figures. Date Inventory Units Price $ Jan 1 Beg. Inventory 211@ 120 (C.P) Jan 7 Sales 2100 200 (S.P) Jan12 Purchase 100@ 130 (C.P) Jan 15 Sales 120 @ 270 (S.P) Jan 24 Purchases 90 @ 100 (C.P) Jan 28 Sales 105 @270 (S.P) S. P= Selling Price C.P= Cost Price Ques 9: Rogers made few purchases and few sales for apple iPod. Calculate the Gross profit and Cost of Goods Sold for Apple iPod for Rogers for the month of Jan by using perpetual inventory system (20 pts) a. FIFO (10 Pts) b. Moving Weighted Average Method (10 pts). Round off the figures. Date Inventory Units Price $ Jan 1 Beg. Inventory 211@ 120 (C.P) Jan 7 Sales 2100 200 (S.P) Jan12 Purchase 100@ 130 (C.P) Jan 15 Sales 120 @ 270 (S.P) Jan 24 Purchases 90 @ 100 (C.P) Jan 28 Sales 105 @270 (S.P) S. P= Selling Price C.P= Cost Price