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Requirements a . Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification meth Assume
Requirements
a Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the specific identification meth
Assume the following costing information for the books sold during the mon
August : books costing $ each
August : books costing $ each and books costing $ each
August : books costing $ each and books costing $ each
b Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the FIFO inventory costing
method.
c Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the LIFO inventory costing
method.
d Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the weightedaverage inventor
costing method. Round weighted average unit cost to the nearest cent and
total cost to the nearest dollar.
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