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Take me to the text a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company
Take me to the text a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. All unit cost calculations should be rounded to 2 decimal places as well. Transaction Description Opening Balance Purchases Quantity Amount May 5 Purchase from AAA Co. 400 $4,800.00 May 7 Sale to SSS Co. Inventory Schedule Sales Balance Quantity Amount Quantity Amount $ 0 400 $4800 200 2400 200 $2,400.00 May 13 Sale to TTT Co. 100 $1200 100 May 15 Purchase from BBB Co. 70 $1,120.00 170 May 24 Sale to UUU Co. 30 $409.50 140 > > 1200 2320 1910.5 May 28 Purchase from CCC Co. 70 $980.00 210 2890.5 b) If the FIFO method had been used, what would the value of COGS been for the sale to UUU Co.? COGS = $ 4009.5 c) If the specific identification method had been used, what would the value of COGS been for the sale to UUU Co.? Assume all the units were purchased from BBB Co. COGS = $2890.5
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