URGENT!!

Exercise 9-1 man Two Firm had the following record for the period ending! December 31, 20XX. Unit Cost .50 Date Beginning Inventory January Purchase April Purchase July Purchase October Purchase Units 1,700 35,000 65,000 100,000 30.000 231,700 .51 S7 Total Cost 850 17,850 37,050 60,000 18.300 134,050 Total A physical inventory determined that 2,500 units were in the ending inventory. The 2,500 units were composed of 1,250 units from the January purchase, 750 units from the July purchase and 500 units from the October purchase. Using the specific invoice method, calculate the cost of the ending inventory. Exercise 9-2 Refer to exercise 9-1. Calculate the cost of the ending inventory using the average unit cost method. Problem 9 - 1 Average Unit Cost Specific Invoice 500,000 Net Sales Less: Cost Of Goods Sold Beginning Inventory Plus: Purchases 21,000 253,150 274,150 30,750 Goods Available For Sale Minus: Ending Inventory Cost Of Goods Sold Gross Margin 243,400 256,600 90,000 166,600 Minus: Selling & Administrative Exp. Net Income Problem 9 - 2 FIFO LIPO Beginning Inventory Plus: Purchases Total Goods Avaialble For Sale Less Ending Inventory Cost Of Goods Sold Specifio Invoice Average Unit Cost 6,000 117,550 123,550 6,082 117,468 100