veu pai credit in the previous attempt 2 Part 1 of 3 7.14 points Required Information Use the following Information for the Quick Study below. (Algo) (5-7) [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 310 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 280 Purchase on January 9 $ 2.60 6 2.80 Purchase on January 25 100 Book 2.94 Hint QS 5-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Print Assume the perpetual inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the FIFO method Date Goods purchased Cost per #ot units unit Perpetual FIEO: Cost of Goods Sold # of units Cost per Cost of Goods unit Sold sold Inyentory Balance Cost per Inventory w of units unit Balance January 1 280 coats 280 January 200 at 605 2.00 - Total January 160.00 5 168.00 100 15 20 January 25 280 at 605 2.80 - 100 M5 204 16800 2014.00 $402.00 Total January 25 January 26 280 30 at 5 280 130 at $2.04 64.00 382 20 at at 5280 - ats 294 MC [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 310 units Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 280 60 100 Unit Cost $ 2.60 2.80 2.94 QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Goods purchased Perpetual LIFO: Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per Cost of Goods unit Sold Inventory Balance Cost per Inventory of units Balance unit January 1 280 at 60 at $ 2.80 January 9 280 at Total January 9 60 at $ 2.80 168 168 $ 100 at $2.94 January 25 280 at 60 at $ 100 at $ 2.80 2.94 168 294 Total January 25 $ 462 280 at $ $ $ January 26 2.94 2 80 = 30) at 823 84 at 30 at $ $ 100 2.80 2.94 = 34 294 Total January 26 $ 907 $ 37a D Required information Use the following information for the Quick Study below. (Algo) (5-7) [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 310 units. Ending Inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 280 60 100 Unit Cost $ 2.60 2.80 2.94 QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Inventory Balance Goods, purchased Cost per # of units unit Date Weighted Average - Perpetual Cost of Goods Sold # of Cost per Cost of Goods units sold unit Sold # of units Cost per unit Inventory Balance January 1 60 at $ 2.80 at January 9 60 at $ 2.80 = 168.00 60 at $ 168.00 Average cost January 9 at 100 at $ 2.94 January 25 100 at $ 294 = 294.00 294.00 100 at $ 100 at Average cost January 25 January 26 Total January 26 $ 2.94 at $ 310.00 $ $ 294.00 294.00 Required information Use the following information for the Quick Study below. (Algo) (11-14) [The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 29 units for $50 each Purchases on December 7 19 units @ $20.00 cost Purchases on December 14 36 units @ $30.00 cost Purchases on December 21 29 units $36.00 cost QS 5-11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method. Perpetual BEO Cost of Goods Sold Date Goods Purchased Cost Per of Units Goods Unit Purchased of Units Sold Cost Per Cost of Goods Sold Unit December 7 19 at $ 20.00 $ 380.00 36 at $ 30.00 Inventory Balance Cost Per Inventory of Units Unit Balance 19 S 20.00 $ 380.00 36 at 5 30.00 - 51,080.00 19 $ 20.00 380.00 $1.460.00 22 $ 20.00 $ 440.00 $ 1,080.00 December 14 Total December 14 December 15 29 at $ 30.00 $ 870.00 Total December 15 $ 29 at $ 36.00 December 21 1.044.00 $36.00 50 at $ 20.00 = Totals $ 870.00 $1,000.00 $1,000.00