Requirement 1. Compute cost of goods sold and ending inventory, using each of the following methods.

a) specific unit cost $165 units and for $175 units still on hand at the end

b) average cost

c) first in, first out

d) last in, first out

Requirement 2. Which method produces The highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold?

Homework: Chapter 6 Homework Save Score: 0 of 1 pt 1 of 9 (0 complete) Hw Score: 0%, 0 of 9 p 6-33B (book/static) EQuestion Help Arrow Corporation's inventory records for a particular development program show the following at March 31 EE (Click the icon to view the accounting records.) At March 31, 11 of these programs are on hand Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods a. Specific unit cost, with seven $165 units and four $175 units still on hand at the end b. Average cost c. First-in, first-out d. Last-in, first-out 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific unit cost then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest dent Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Ending inventory Enter any number in the edit fields and then click Check Answer remaining Clear All Check Answer Homework: Chapter 6 Homework Save Score: 0 of 1 pt 1 of 9 (0 complete) Hw Score: 0%, 0 of 9 p 6-33B (book/static) EQuestion Help Arrow Corporation's inventory records for a particular development program show the following at March 31 EE (Click the icon to view the accounting records.) At March 31, 11 of these programs are on hand Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods a. Specific unit cost, with seven $165 units and four $175 units still on hand at the end b. Average cost c. First-in, first-out d. Last-in, first-out 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific unit cost then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest dent Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Ending inventory Enter any number in the edit fields and then click Check Answer remaining Clear All Check