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Asume the Bean Town Colline Shop completed the totowing periode inventory tractions for a line of merchandise inventory Click to sconto the transion) Read the moments Requirements 1.2 and 3. Compte ending merchandise Inventory cost of goods sold, and gross profile using the (1) FIFO inventory costing method. ) LIFO inventory costing method, and (3) weighted average Inventory conting method Round weighted average couper unit to the recent and the amounts to the nearest Bollar) Bagin by mermining ending merchandise inventory and cost of goods sold under each of the three methods Requirement Requirement 2 Requirement FIFO UFO Weighted Average Begining medias 330 Plus 330 330 Lee Costo del Now conto the gross profunde each entory couting method Requirement Requirement PIPO LIFO fi Requirements Weighted Average Co Gros - X More Info - X More Info Jun. 1 Beginning merchandise inventory Jun. 12 Purchase Jun. 20 Sale 15 units @ $22 each 4 units @ $23 each 5 units @ $33 each 13 units @ $26 each 16 units @ $33 each Jun. 24 Purchase Jun. 29 Sale Print Done Test: Test 2: Chapters 5 & 6 Assume that Bean Town Coffee Shop completed the following periodic inventory transaw (Click the icon to view the transactions.) Read the requirements. Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sok (Round weighted-average cost per unit to the nearest cent and all other amounts to the Begin by determining ending merchandise inventory and cost of goods sold under each Requirement 1. Requirement 2. FIFO LIFO 33 Beginning merchandise inventory 330 Beginning merchandise inventory Cost of goods available for sale sting method. Ending merchandise inventory uirement 2. Requirement 3. Weighted Averag LIFO Sales revenue Sales Revenue Cost of Goods Sold Gross Profit = Test: Test 2: Chapters 5 & 6 Assume that Bean Town Coffee Shop completed the following periodic inventory (Click the icon to view the transactions.) Read the requirements. Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of go (Round weighted average cost per unit to the nearest cent and all other amounts Begin by determining ending merchandise inventory and cost of goods sold unde Requirement 1. R FIFO 330 Beginning merchandise inventory Plus: Less: Cost of goods available for sale Cost of ing method Now cor Ending merchandise inventory rement 2 Requires Weighted Net cost of inventory purchased IFO Sales revenue Sales R Cost of Goods Sold Gross Profit Ne man Shop completed the following periodici (Click the icon to view the transactions.) Read the requirements. Requirements 1., 2., and 3. Compute ending merchandise inventory, co (Round weighted average cost per unit to the nearest cent and all other Begin by determining ending merchandise inventory and cost of goods sc Requirement 1. RE FIFO 330 Beginning merchandise inventory Plus: Beginning merchandise inventory y costing method Re Cost of goods available for sale Requirement 2 LIFO Weig Ending merchandise inventory Sales revenue Gross Profit Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costi (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. Requirement 1. Requirement 2. Requirement 3. Weighted-Average Beginning merchandise inventory Plus: FIFO LIFO 330 3301 330 M Less: Ending merchandise inventory Cost of goods sold Now compute the gross profit under each inventory costing method. Requirement 1. Requirement 2 Requirement 3. FIFO LIFO Weighted-Average Sales Revenue Cost of Goods Sold Gross Profit Now compute the gross profit under each inventory costing method. Requirement 1. FIFO Requirement 2. LIFO Requirement 3. Weighted-Average Sales Revenue Cost of Goods Sold Gross Profit
