Question
THE FOLLOWING IS THE SUMMARY OF TRANSACTIONS OF MAGSHIFT KA NA CO. BEG INVENTORY 2,200 UNITS @ 80/ UNIT SEPT 3 PURCHASE 7,000 UNITS FOR
THE FOLLOWING IS THE SUMMARY OF TRANSACTIONS OF MAGSHIFT KA NA CO.
BEG INVENTORY | 2,200 UNITS @ 80/ UNIT |
SEPT 3 | PURCHASE 7,000 UNITS FOR 595,000 |
SEPT 6 | SOLD 8,200 UNITS FOR 984,000 |
SEPT 11 | PURCHASE 9,000 UNITS @ 83/ UNIT |
SEPT 17 | SOLD 5,300 UNITS FOR 609,500 |
SEPT 21 | SOLD 3,000 UNITS FOR 345,000 |
SEPT 26 | PURCHASE 5,500 UNITS @88/ UNIT |
SEPT 30 | SOLD 7,000 UNITS FOR 826,000 |
REQUIRED
ENDING INVENTORY (UNITS) USING FIFO?
COMPUTE FOR THE AMOUNT OF ENDING INVENTORY USING FIFO?
COMPUTE FOR COST OF GOODS SOLD USING FIFO?
COST PER UNIT OF ENDING INVENTORY USING FIFO?
GROSS PROFIT USING FIFO?
ENDING INVENTORY (UNITS) USING WEIGHTED AVERAGE METHOD?
COMPUTE FOR THE AMOUNT OF ENDING INVENTORY USING WEIGHTED AVERAGE METHOD?
COMPUTE FOR COST OF GOODS SOLD USING WEIGHTED AVERAGE METHOD?
COST PER UNIT OF ENDING INVENTORY USING WEIGHTED AVERAGE METHOD?
GROSS PROFIT USING WEIGHTED AVERAGE METHOD?
ENDING INVENTORY (UNITS) USING MOVING AVERAGE METHOD?
COMPUTE FOR THE AMOUNT OF ENDING INVENTORY USING MOVING AVERAGE METHOD?
COMPUTE FOR COST OF GOODS SOLD USING MOVING AVERAGE METHOD?
COST PER UNIT OF ENDING INVENTORY USING MOVING AVERAGE METHOD?
GROSS PROFIT USING MOVING AVERAGE METHOD?
PLEASE HELP ME TO ANSWER ALL OF THESE ASAP :(
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