The most important part for me is to have the inventory cost sheets filled out.

f +++ July 6 A purchase order for $7,000 of merchandise was mailed to a supplier on December 22, 2010. The merchandise was shipped by the supplier on December 29, 2010, under terms of FOB shipping point, and the merchandise was received on January 3, 2011. What amount would be included in the buyer's inventory on December 31, 2010, Beginning inventory, purchases, and sales of a commodity are presented below: Inventory: July 1 15 units at $46 Sales: 10 units at $65 12 30 units at $65 22 40 units at $65 Purchases: July 9 30 units at $48 18 50 units at $49 5. Assuming that the PERPETUAL inventory system is used, the ending inventory balance on July 31 by the FIFO method is (use the attached inventory cost sheet)..... 6. Based on the data in Question 5, the ending inventory balance on July 31 by the LIFO method is (use the attached inventory cost sheet)............ 7. Based on the data in Question 5, the ending inventory balance on July 31 by the Weighted Average method is (use the attached inventory cost sheet) PROBLEM 1-2 Total De Total Cost Cost To Cost 956 Chapter Wise So Name T wentary Uw Cost Total Cost OBLEM 7-2 Quay Conte Merchandise Said Unit Cost Total Coat Total Cost Date 355