The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January on January 26, the company sells 330 units Ending inventory at January 31 totals 140 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 300 70 100 Unit Cost $ 2.80 3.00 3.14 Required: Assume the periodic Inventory system is used Determine the costs assigned to ending Inventory when costs are assigned based the FIFO method Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale of Cost per Cost of Goods Available for units unit Sale 3007 s 2.80 $ 840 of units sold Cost per unit Cost of Goods Sold Inventory Balance # of units Cost per Ending in ending unit Inventory inventory Bog, Inventory Purchases January 9 January 25 Total 70 100 470 3.00 3.14 210 314 1,364 70 100 170 3.00 3.14 210 314 524 70 100 170 3.00 3.14 210 314 524 $ $ $ Check my requirea information [The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January on January 26, the company sells 330 units Ending inventory at January 31 totals 140 units 3 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 380 70 100 Unit Cost $ 2.80 3.00 3.14 Assume the periodic inventory system is used Determine the costs assigned to ending inventory when costs are assigned based the LIFO method Periodic LIFO Cost of Goods Sold Cost of Goods Available for Sale #of Cost of Goods units unit Available for Sale 3007 s 2.80$ 840 Cost per # of units sold Cost per unit Cost of Goods Sold Inventory Balance of units Cost per Ending in ending unit Inventory inventory Bog. Inventory Purchases January 9 January 25 Total 70 3.00 3.14 210 314 1,384 100 470 100 70 170 3.00 3.14 300 220 520 $ $ 0 $ 0 CS Requirea information The following information applies to the questions displayed below.) A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 330 units Ending inventory at January 31 totals 140 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 300 70 100 Unit Cost $ 2.80 3.00 3.14 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round per unit costs to 3 decimal places, Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Cost of Goods Sold # of units Avg. Cost per Cost of sold unit Goods Sold Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total Inventory on hand Cost per # of units Inventory unit Value 300 $ 2 800 840 701 s 3.000 210 100S 3.140 314 470 1,364 0 470 $ 1.364 0 $ 0
