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Required: 1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. 2. Complete the below table
Required: 1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. 2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Sold-January 10 Cost of Goods Available for Sale Cost of Goods Sold-January 25 Perpetual FIFO Number of units Cost per unit Cost of Goods Available for Sale Number of units Cost per Cost of Goods sold unit Sold Number of units sold Cost per uniti Cost of Goods Sold Numbe ending Beginning inventory 200 $25.00 $ 5,000 $25.00 $ 0 $25.00 $ 0 Purchases January 8 100 28.00 2.000 28.00 0 25.00 0 January 19 200 30.00 6,000 30.00 0 30.00 0 Total 500 13,800 0 $ 0 $ 0 Required 2 >
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