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This is a three part problem. Part 1 Part 2 Part 3 [The following information applies to the questions displayed below.) A company reports the
This is a three part problem.
[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 FIFO method (Round your per unit costs to 2 decimal places.) Periodis Cost of Goods Sold Cost of Goods Available for Sale of Cost of Goods Available for units unit Sale $ 0 Cost per # of units sold Cost per Cost of Goods Sold Inventory Balance # of units Cost per Ending in ending unit Inventory inventory unit Beginning Inventory Purchases January 9 January 25 Total 0 0 0 0 $ $ S 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. Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 300 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 LIFO method. (Round your per unit costs to 2 decimal places.) Periodic LEO Cost of Goods Sold Cost of Goods Available for Sale #of Cost per Cost of Goods Available for units unit Sale $ #of units sold Cost per Inventory Balance # of units Ending in ending unit Inventory inventory Cost of Goods Sold Cost per Beginning Inventory Purchases January 9 January 25 Total 0 0 0 0 0 $ 0 (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 $ 2.0 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 2 decimal places.) Weighted average - Periodic Goods Available for Sale Cost of Goods Sold Cost of Goods of units Average Cost of # of units Cost per unit Available for sold Sale Unit Goods Sold Ending Inventory # of units Ending Average Cost In ending Inventory Inventory Cost per per unit Beginning inventory Purchases January 9 January 25 Total $ $ 0 0.00 5 0.00 Part 1
Part 2
Part 3
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