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REQUIRED: Determine the cost assigned to ending inventory and to cost of goods sold using FIFO and for using LIFO. Each yellow cell must include

REQUIRED: Determine the cost assigned to ending inventory and to cost of goods sold using FIFO and for using LIFO. Each yellow cell must include a formula using cell references, image text in transcribedimage text in transcribedimage text in transcribed

The Jordan Johnston Company reported the following January purchases and sales data for its only product. The company uses a perpetual inventory system. REQUIRED: Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Each yellow cell must include a formula using cell references, EVEN IF THE FORMULA RESULT IS ZERO. \begin{tabular}{|l|l|l|l|l|l|} \hline Cost of Goods Sold - Perpetual FIFO: & Units Sold & @ & Cost per unit & = & Cost of Goods Sold \\ \hline \begin{tabular}{llllll|l|} \hline 11 salculate cost of goods sold for the January 300 units. \end{tabular} & & & & & \\ \hline & & & & \\ \hline Total Cost of Goods Sold for January - 1,320 units & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|c|} \hline Ending Inventory - Perpetual FIFO: & Units in Ending Inventory & @ & Cost per unit & Inventory Balance \\ \hline \multirow{2}{*}{ Total Ending Inventory for January - 250 units } & \multirow{3}{*}{} & \\ \hline \end{tabular} \begin{tabular}{l|l|l} \hline Your score: & 0% \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|c|} \hline Cost of Goods Sold - Perpetual LIFO: & Units Sold & @ & Cost per unit & = & Cost of Goods Sold \\ \hline Calculate cost of goods sold for the January 11 sale of 300 units. & & & & & \\ \hline \multirow{5}{*}{} & & & & \\ \hline \end{tabular}

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