Score: 0 of 4 pts 1 of 13(11 complete HW Score: 33.96% 9.85 of 29 pts T16-2 (similar to) Question Help 5. Was Books on the following transaction in August related to merchandise intory Click the icon to view the transaction Read the Determine the cost of goods sold and unding merchandise inuentory by preparing a perpetual vertory recording the specific identification mod. Autume folowing conting information for a book old during the mom Aug 5 books costing teach August 15 10 books coming $2 each and books conting 523 each August 2 books conting 523 each and books conting $2 each Start by entering the beging invertory balance. Enter the transactions incl. ing new invertory on hand balances teach One of the tradition have been entered the perpetual record, the any and to cont of merchandise menery purchase and on and at the end of a period of the letterary perfet) Purchases Cost of Goods Sold Inventory on Hand Total Total Unit Total More info Date Quantity Gost Quantity Cost Quantity Cost Cost Aug 178 215 Aug 1 Beggehad very, 17 bis 121 och 2 Aug 3 Sodo 25 och 125 276 12 Aug 12 Purchased 12 to 3 cach 270 1 5 20 A 20 ched both 131 Ut Un Cost Cost 12 12 121 23 A 16 10 A Done Emerayumber is the and henck Check Awe Che A 3 Forming Score: 0 of 4 pts of 13 (11 complete HW Score: 33.96, 9.85 of 20 pts XT16-2 (similar to) Question Help More info O 5. Wine Bockahas the following transaction in Augustated to merchandienetary (Cicke icon wwe nation) Read the requirement Aug 1 Beginning med intory. 1721 Aug. Sold 5 boks 525 Startty ertering the beginnery balom. Eersactions in chronological ordet calculating new inventory on and perpetual record calculate the quantity and cont of merchandise inventory purchased, cold, and on hand at the end of the period. (no the Aug 12 Purchased 12 D123h Purchases Cost of Goods Sold Inventory on Hand Unit Total Requirements Unit Total Dabe Quantity Cost Cost Quantity Cost Cost Quantity Cout 971 211 Determine the cost of goods sold and ending merchandise ventory by 5 125 12 preparing a very cord using the specified Assuming cognomation for the book of during the month 12 25 275 12 A booking stach 125 23 27 A 1610 books coing 121 chand took coming 5 21 August 21 books costing 123 echos con cach 3 23 Dolce the cost of goods sold and ending merchandise wirty preparing app or record using the way 30 method Determine the cost of goods and ending merchandise memory by preparing performing the LIFO inwentory costro method d. Durine the cost of goods sols and econger wory by preparing a perpetuary in the were to 21 cosmetod Pound weighted average cost the newest and 15 Total Done Enhorny beste edities and then click Check Answer CMI Crack AW parts 3 remaining 0 Requirements - X entory on han (Enter the old petual Stal ost 357 a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month: August 3: 5 books costing $21 each August 15: 10 books costing $21 each and 5 books costing $23 each August 28: 6 books costing $23 each and 2 books costing $26 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 weighted-average inventory costing method. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar. 276 Print Done 5. Wise Books has the following transactions in August related to merchandise inventory. (Click the icon to view the transactions.) Read the requirements August 3: 5 books costing $21 each August 15: 10 books costing $21 each and 5 books costing $23 each August 28 6 books costing $23 each and 2 books costing $26 each Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each to calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers fir Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total More Info Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Aug. 1 171$ 21 $ 357 125 12 Aug. 1 Begii 12 12 $ 23 $ 276 12 Aug. 3 Sold 12 s 23 s 276 Purc $ 15 21 23 Sold Aug. 15 $ 23 Purch Sold 20 Cost 3 5 Aug. 12 Aug. 20 Aug. 28 28 Enter any number in the edit fields and then click Check Answer Clear All 3 parts remaining each each order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record nd at the end of the period. (Enter the oldest inventory layers first.) Inventory on Hand Unit Total X More Info Cost Ruantity Cost 17 $ 21 $ 357 12 12 12$ 23 $ 276 Aug. 1 Aug. 3 Aug. 12 Aug. 15 Aug. 20 Aug. 28 Beginning merchandise inventory, 17 books @ $21 each Sold 5 books @ $25 each Purchased 12 books @ $23 each Sold 15 books @ $25 each Purchased 3 books@ $26 each Sold 8 books @ $31 each 23 Print Done Check Answer Clear All 5. Wise Books has the following transactions in August related to merchandise inventory. (Click the icon to view the transactions.) Read the requirements. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after eacht calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers firs Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 17$ Aug. 1 21 $ 5 3 125 12 More Info 12 12 S 23 $ 12 276 12 S 23 S 276 Be $ 15 21 23 So $ 23 Pu 20 sc 357 Aug. 1 Aug. 3 Aug. 12 Aug. 15 Aug. 20 Aug. 28 PL SO 28 Totals Enter any number in the edit fields and then click Check Answer. Clear All parts 3 remaining