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show work Fill in the missing amounts for items (a) through (o) as well as ai through mi in the following perpetual inventory records: WA
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Fill in the missing amounts for items (a) through (o) as well as ai through mi in the following perpetual inventory records: WA Cost Per unit Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 5,250.) Purchases Cost of Goods Sold Balance Date Units Cost Total Units Cost Total Units Cost Total Units Total Cost Apr-01 Beginning Inventory 29 $10 5290 29 $10 5290 Apr-15 41 $12 $492 29 $ 5290 41 5492 $ $ Apr-20 32 70 5782 -32 $357.44 Apr-23 35 $135455 73 38 $424.56 35 5455 Apr-28 44 $879.56 $530.20 $1,237 76 29 Calculate the cost of goods sold and ending inventory using FIFO. (HINT: Use two rows to show your cost of goods sold calculation in layers) Cost of Goods Sold Cost Inventory Balance Cost Units Total Units Total Date Apr-01 Purchases Units Cost Total Beginning Inventory 29 $10 5290 41 $12 5492 29 29 $10 $10 5290 290 Apr-15 $ Apr-20 32 - 29 $ $ 3 $ s S Apr-23 35 $13 5455 $ $ s! s $ Apr-28 44 - 38 si 6 29 $ 105 $1,237 76 $C 29 5377 Which method gives the highest COGS? WhyStep by Step Solution
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