Suppose Sarah Jane, the specialty retaler, had these records for ladies' evening gown during 2020. (Click icon to view records) Assume sale of evening gowns totaled 127 units during 2020 and that Sarah uses the weight average con method under the periodic inventory system to account for inventory. The income tax rate 2 Requirements 1. Compute Saraly's cost of goods sold for evening gowns in 2020. 2. Compute what cost of goods sold would have been f Sarah had purchased enough inventory in December - $1,600 per evening gown-to koep year-end Inventory at the same level was at the beginning of the year, 30 units. Requirement 1. Computo Sarah's cost of goods sold for evening goana in 2020. Round all Interim calculations to the nearest whole dollar. Round your answer to the nearest whole dolu) The cost of goods sold is $0 Requirement 2. Computo what cout of goods sold would have been it Sarah had purchased enough inventory in December-at $1,900 per evening gown to keep you end inventory the same level was at the beginning of the yow, 30 The cost of goods wth the new units would be $ units Continental Sporting Goods started Apriwth an inventory of 10 wets of gols That cost of $1.480. During Art, Control pod 22 set of costu 13.520. Al the end of the mone, Consulator wise on and The store manager must sect an inventory costing method, and he asks you to tell him both cost of poode sold and ending inventory under these tree accounting methods, among the periode intory is red 12. Weighted average cout 1b. FIFO 2. If the store manager wants the most current cost for ending inventory, which method should he chose? Suppose Sarah Jane, the specialty retaler, had these records for ladies' evening gown during 2020. (Click icon to view records) Assume sale of evening gowns totaled 127 units during 2020 and that Sarah uses the weight average con method under the periodic inventory system to account for inventory. The income tax rate 2 Requirements 1. Compute Saraly's cost of goods sold for evening gowns in 2020. 2. Compute what cost of goods sold would have been f Sarah had purchased enough inventory in December - $1,600 per evening gown-to koep year-end Inventory at the same level was at the beginning of the year, 30 units. Requirement 1. Computo Sarah's cost of goods sold for evening goana in 2020. Round all Interim calculations to the nearest whole dollar. Round your answer to the nearest whole dolu) The cost of goods sold is $0 Requirement 2. Computo what cout of goods sold would have been it Sarah had purchased enough inventory in December-at $1,900 per evening gown to keep you end inventory the same level was at the beginning of the yow, 30 The cost of goods wth the new units would be $ units Continental Sporting Goods started Apriwth an inventory of 10 wets of gols That cost of $1.480. During Art, Control pod 22 set of costu 13.520. Al the end of the mone, Consulator wise on and The store manager must sect an inventory costing method, and he asks you to tell him both cost of poode sold and ending inventory under these tree accounting methods, among the periode intory is red 12. Weighted average cout 1b. FIFO 2. If the store manager wants the most current cost for ending inventory, which method should he chose
