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the first piture is not my question but it shows the question that will follow the first part. Suppose a Waldorf store in Easton, Missouri,
the first piture is not my question but it shows the question that will follow the first part. Suppose a Waldorf store in Easton, Missouri, ended March 2018 with 750,000 units of merchandise that cost $8 each. Suppose the store then sold 80.000 units for $760,000 during April. Further, assume the store made two large purchases during April as follows: (Click the loon to view the purchase information) Requirements Read the requirements Requirement 1. Calculate the store's gross profit under both FIFO and LIFO at April 30. 1. Calculate the store's gross profit under both FIFO and LIFO at April 30. 2. What caused the FIFO and LIFO gross profit figures to differ? FIFO LIFO Sales revenue $760,000 $760,000 Print Done Cost of goods sold Data Ta Gross profit Apr 12 20,000 units 50,000 units $6.10 = $ 122,000 $5.20 = $ 260,000 Suppose a Waldorf store in Easton, Missouri, ended March 2018 with 750,000 units of merchandise that cost $8 each. Suppose the store then sold 80,000 units for $760,000 during April. Further, assume the store made two large purchases during April as follows: Click the icon to view the purchase information) Read the requirements Requirement 1. Calculate the store's gross profit under both FIFO and LIFO at April 30. FIFO LIFO Sales revenue $ 760,000 $ 780,000 Cost of goods sold Gross profit Suppose Stone store in Greendale, Missour, ended January 2021 with 750,000 units of merchandise that cost $0 each. Suppose the store then sold 110.000 unts for $910.000 during February. Further, assume the store made lage purchases during February as follows (Click the icon to view the purchase information) Read the requirements Requirement 1. Calisaate the store's gross profit under both FIFO and LIFO at February 20 FIFO LIFO Sales revenue Data table Cost of goods sold Gross profit Feb 12 Feb 22 45,000 units $10-$274.500 55.000 unts@ $5.20 $200.000 Requirements Print Done 1. Calculate the store's gross proft under bom FFO and LIFO at February 28 2. What caused the FFO and LIFO gross profit figures to differ? Print Done
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