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/%_ I Top4Mast Powerful COL X \\ D NelsonBrain -Login or R X \\- please solve this questic X / ':-' CengageNDWv2|Onlin- X \\ D Nelsoanin-My Home X _ a X (- C I G) v2.cengagenow.com,v'llrng'takeAsslghrnentg'takeAsslgnmentMaIn.do?invoker:assignmenisSLiakeAsslgnmentSesslonLocalor=assignment-taice r l a E 555 Apps -. My Accouniivirgin D Harry Putterl Hindi I r. A Chapter 6 Homework Assignment egook Calculator l' ,l Borgia Enterprises has the following statement of earnings data available for 2018: 1', MCEXDEVTD -' 2 CE [JG-TB Aluu , Sales revenue $737,200 Operating expenses 243,700 3' GEES-24 ' Interest expense 39,500 '1 BE 06-29 , Income tax rate 34% 5_ BE.US-35.Aiuu , Borgia uses a perpetual inventory accounting system and the weighted average cost method. Borgia is considering adopting the FIFO method for costing h inventory. Borgia's accountant prepared the following data: 67 I If Weighted Average Cost Used If FIFO Used 7. 3.06749 I ' . Ending Inventory $ 61,050 $80,200 B. EX.US-56 I Cost of goods sold 403,150 384,800 8, PRUEVSSA 0 Required: 1. Com ute income before taxes income tax ex ense and net income for both of the invento costin methods rounded to the nearest dollar . TU. PR.06-71E1.Argu : p ' p ' W 9 l l Weighted Average Cost FIFO Income before taxes $- X $:] Income tax expense ,I' Tax savings due to loss $- X $:] _ x $:1 2. CONCEPTUAL CONNECTION: Why are the cost of goods sold and ending inventory amounts different for each of the two methods? What do these amounts v - n - - u' -.. ( Previous Next) v \"i O [E] El 3.3 9 'EJ ENG