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Ron comma Inc.'s inventory records for a particular development program show the following at May Do sebastian dakin - Mozilla Firefox https://www.mathd.c aspx 4315756968 &flushed-false&ld-4512616&icenterwin-yes

image text in transcribedRon comma Inc.'s inventory records for a particular development program show the following at May

Do sebastian dakin - Mozilla Firefox https://www.mathd.c aspx 4315756968 &flushed-false&ld-4512616&icenterwin-yes CBAD 201 Financial Accounting Summer 12017 sebastian dakin B28/17 10:13 PM Homework: Chapter 6 Homework Save Score: 0.15 of 1 pt 1 of 4(1 mplete HW Score: 3.85%, 0.15 of 4 pts E6-33B (similar to) Question Help Ron, Ine. inventory secords for a paticular development pograns show the fellowing at May 31 EEE (Clok the ioon so view the socounting records) A: May 31, 11 of these pograms are on hand. Requirements 1. Compute east of goods Gold and ending inventory, using each of the folowing methods: a. Speofio unit cost, with seven 3186 units and four 3175 units sill on hand st the end c. First-in, first-out d. Last-n, firsi-out 2. Which method produces the highest cost of ood sold? Which method produces the lowest coat of goods sold? What caues the difference in coat of good old? Requirement 1. Compute cost of goods sold and ending inventory. using esch of the following four invenbory methods Begin by entering the number of units sold and number of units in ending inventory Then caloulate coat of goods sold and ending inventory vsing (a) specific unit cost, then (b) average cost, then (FIFO. and finaly LIFO. (Round the average cost per unit to the nearest cent. Round all final ansmers to the nearest whole dolor) Number Dst Table Cost of goods sold Ending inventory May 1 Beginning inventory . 9 units @S 16 1.4B5 5 units& 168" S 830 13 units 175- 2.275 15 Purchase 28 Purchase Prin: Done Enter any number in the edit fields and then click Check Answer Clear AllI Check

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