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Required Information Nature Foods starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, Nature Foods
Required Information Nature Foods starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, Nature Foods sells 28 units for $45 each Prelates on December 7 Purchases on December 14 Purchases on December 21 18 units $18.00 cott 32 units $27.00 cost 20 mits $32.00 cost Required: Nature Foods uses a perpetual inventory system Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased ot Units w of Cost of Goots Sold Units Cost Per Cost of Unit Sold Goods Sold Date Inventory Balance Cost Per #of Units Inventory Unit Balance December 7 December 14 December 15 December 21 Required Information Nature Foods starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Nature Foods sells 28 units for $45 each Turchases Baber! Turks Derber 14 Purchate Desber 21 18 its $18.00 cost mats 27.00 cost 28 tits $300 cost Required: Nature Foods selo 28 units for $45 each on December 15 Nature Foods uses a perpetual Inventory system Determine the costs asagned to the December 31 ending inventory when costs are assigned based on LIFO Perpetual LIFO: Inventory Balence of lands Dan Cost per Cost of Goods Sold #of units Cost per Cost of unit Goods Sold sold Cost of Goods Available for of its Cost per Inventory Balance December December 14 December 15 Dec 21 ! Required Information Nature Foods starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Nature Foods sells 28 units for $45 each. Tarehases on December 7 Turchases in December 14 Purchases on December 21 10 its $18.00 out 32 ts 127 00 est 28 mts 132.00 eest 6.16 Required: Nature Foods sells 28 units for $45 each on December 15. Nature Foods uses a perpetual inventory system. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) We obted Average Perpetual Goods purchased #or Date Cost per inventory Value Cost of Goods Sold # of Cost per units Cost of sold Goods Sold Inventory Balance Cost per Inventory # of units Balance December 7 December 14 Average cost December 15 December 21 Average cost
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