This Test 60p gn R Us began August with 45 units of iron inventory that cost $24 sach. During August the company completed the following inventory transactions Click the icon to ww the transactions) Read the requirements Requirement 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory conting method Start by entering the beginning inventory balance. Enter the transactions in chronological order, calculating new inventory on hand balance after each transaction Onoral of the bansactions have been entered into the perpetrecord calculate the quantity and total cost of merchandise Inventory purchased, sold, and on hand at the end of the period (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unik Total Unit Date Quantity Cost Cost Quantity Cost Quantity Cost Cost Aug, 1 24 1080 Cost 21 36 Totais Enterary number in the edit finds and then continue to the next to W A 22 o 90 E: * esc F # 0 & 7 9 8 $ 4 % 5 NB 6 3 1 U D T T Y 1 Read the regements Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new motory on hand balances ahor each transaction Once all of the actions have been entered into the popular calculate the quality and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers Purchases Cost of Goods Sold Inventory an Hand Unit Total Units Total Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 21 30 Total Entry number in the studs and then continue to the question W O 10 :9 . 96 > O & 7 8 $ 4 9 5 6 3 2 1 0 1 U Y T R E 06 W Q tab KL H G F. D S Iron R Us began August with 45 units of iron inventory that cost $24 each. During August, the company computed the following mantory traction Click the icon to view the transactions) Read the requirements Requirement 3. Prepare a perpetual invertory record for the merchandise inventory using the weighted average inventory conting method Start by entering the beginning inventory balances Enter the transactions in chronological order, coating new inventory on hand balances for each transaction. One of the reactions have been entered the calculate the quantity and total cost of merchandise Inventory purchased, sold, and on hand at the end of the period Purchases Cost of Goods Sold Inventory on Hand Unit Unit Total Unit Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 3 Total Total 21 30 Totals Requirement 4. Determine the company's cost of goods sold for Augusting FIFO, UFO, average into costing methode The cost of goods to amount for August using FIFO morcosting Enter any number in the adhields and then continue to the next Gettin @ W 22 1 0 SC S & 7 % 5 9 8 ! 6 4 1 2 3 T Y Y E 20 W Q tab K L J H c 30 Totals Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted average inventory costing methods The cost of goods sold amount for August using FIFO inventory costing in The cost of goods sold amount for August using LIFO inventory contings The cost of goods sold amount for August using weighted average inventory costing Requirements. Compute grous profit for August using FIFO, LIFO, and weighted average inventory costing methods Sales Revenue Cost of Goods Sold - Gross proti FIFO LIFO Weighted average Requirements. If the business wanted to mame gross proft, which method would it sect? the business wanted to maximize gross proft, it would see the method Enter any number in the edit hields and then continue to the next question w A 22 2.0 24 38 esc - . . 23 $ % 5 & 7 8 9 4 6 1 2 3 0 P U Y T R W IT Q tab This Test 60p gn R Us began August with 45 units of iron inventory that cost $24 sach. During August the company completed the following inventory transactions Click the icon to ww the transactions) Read the requirements Requirement 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory conting method Start by entering the beginning inventory balance. Enter the transactions in chronological order, calculating new inventory on hand balance after each transaction Onoral of the bansactions have been entered into the perpetrecord calculate the quantity and total cost of merchandise Inventory purchased, sold, and on hand at the end of the period (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unik Total Unit Date Quantity Cost Cost Quantity Cost Quantity Cost Cost Aug, 1 24 1080 Cost 21 36 Totais Enterary number in the edit finds and then continue to the next to W A 22 o 90 E: * esc F # 0 & 7 9 8 $ 4 % 5 NB 6 3 1 U D T T Y 1 Read the regements Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new motory on hand balances ahor each transaction Once all of the actions have been entered into the popular calculate the quality and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers Purchases Cost of Goods Sold Inventory an Hand Unit Total Units Total Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 21 30 Total Entry number in the studs and then continue to the question W O 10 :9 . 96 > O & 7 8 $ 4 9 5 6 3 2 1 0 1 U Y T R E 06 W Q tab KL H G F. D S Iron R Us began August with 45 units of iron inventory that cost $24 each. During August, the company computed the following mantory traction Click the icon to view the transactions) Read the requirements Requirement 3. Prepare a perpetual invertory record for the merchandise inventory using the weighted average inventory conting method Start by entering the beginning inventory balances Enter the transactions in chronological order, coating new inventory on hand balances for each transaction. One of the reactions have been entered the calculate the quantity and total cost of merchandise Inventory purchased, sold, and on hand at the end of the period Purchases Cost of Goods Sold Inventory on Hand Unit Unit Total Unit Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 3 Total Total 21 30 Totals Requirement 4. Determine the company's cost of goods sold for Augusting FIFO, UFO, average into costing methode The cost of goods to amount for August using FIFO morcosting Enter any number in the adhields and then continue to the next Gettin @ W 22 1 0 SC S & 7 % 5 9 8 ! 6 4 1 2 3 T Y Y E 20 W Q tab K L J H c 30 Totals Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted average inventory costing methods The cost of goods sold amount for August using FIFO inventory costing in The cost of goods sold amount for August using LIFO inventory contings The cost of goods sold amount for August using weighted average inventory costing Requirements. Compute grous profit for August using FIFO, LIFO, and weighted average inventory costing methods Sales Revenue Cost of Goods Sold - Gross proti FIFO LIFO Weighted average Requirements. If the business wanted to mame gross proft, which method would it sect? the business wanted to maximize gross proft, it would see the method Enter any number in the edit hields and then continue to the next question w A 22 2.0 24 38 esc - . . 23 $ % 5 & 7 8 9 4 6 1 2 3 0 P U Y T R W IT Q tab