Vindex.html?con contexternal browser &launchuriahttp%253A%252F%252Fnewconnect.mheducation.com%252FX/activity/question- omework To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise Inventory during the year Jan. 1 Inventory on hand-25,000 unita; cout $13.60 each Teb. 12 Purchased 75,000 units for $13.50 each. Apr. 30 Sold 50,000 units for $21.40 each. Jul. 22 Purchased 55,000 units for $14.20 each. Sep. 9 Sold 75,000 units for $21.40 each. Nov. 17 Purchased 45,000 units for $14.60 each. Dec. 31 Inventory on hand-75.000 unit. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first.in, first-out (FIFO) under a perpetual Inventory system 2. Determine the amount Treynor would report externally for ending Inventory and cost of goods sold using lastin, first-out (UFO) under a periodic Inventory system. Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12.500. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (Pro) under a perpetual inventory system, places.) PerseLEO Cost of Goods Available for Sale Cost of Goods Sold - April 30 Cost of #of Cost per of Goods Cost per Cost of units unit Available for unit Goods Sold unit sold Sale 25.000 $13.60 $ 340,000 $ 13.00 Cost of Goods Sold September Inventory Balance of units Cost per Cost of Total Coutor of unit Cost per said un Goods Sold Goods sold in ending inventory unit 5 13.60 5 13.60 Ending wentary Beg. Inventory Purchases February 12 July 22 November 17 Total 75,000 55.000 45.000 200,000 13.00 14.20 14.60 1,042,500 781.000 657.000 13.90 1420 14.00 13.00 14.20 14.00 30 1420 14.00 $2.820.500 Saved To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise inventory during the year Jan. 1 Inventory on hand-25,000 units cost $13.60 each. Teb. 12 Purchased 75,000 units for $13.90 each. Apr. 30 Sold 50,000 units for $21.40 each Jul. 22 Purchased 55,000 units for $14.20 each. Bep. Sold 75,000 units for $21.40 each Nov. 17 Purchased 45,000 units for $14.60 sach. Dec. 31 Inventory on hand-75,000 nits. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first in, first out (FFO) under a perpetual inventory system 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (LIFO) under a periodic Inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year. 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12,500. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (Uro) under a periodic inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10) Cost of Goods Available for Sale Cont of Goods Sold Periodic LFO Endinginantary. Periode Loo LIFO Cost of Goods Cost per of units of units Cost of of units Cost per Available for Cost per in ending Ending Goods Sold unt inventory und Inventory Beginning Inventory 25.000 $ 12.10 S 327.500 $ 13.10 5 13.10 Purchases Feb 12 75,000 $13.90 1042.500 $ 13.00 5 13.00 Jul 22 55.000 $ 14.20 781,000 5 14 20 14.20 Nov 17 45.000 514.60 657.000 $ 1480 $ Total 200.000 $ 250,000 mework Saved To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise inventory during the year. Jan. 1 Inventory on hand-25,000 units cost $13.60 each. Teb. 12 Purchased 75,000 units for $13.90 each. Apr. 30 Sold 50,000 units for $21.40 each. Jul. 22 Purchased 55,000 units for $14.20 each. Sep. 9 Sold 75,000 units for $21.40 each. Nov. 17 Purchased 45,000 units for $14.60 ench. Dec. 31 Inventory on hand-75,000 units. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using tirstin, first-out (FFO) under a perpetual inventory system 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using fast-in, first out (LIFO) under a periodic Inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year . 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12,500, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Hedwired Determine the amount Treynor would or LIFO reserve at the end of the year LIFO Reserve Saved 5 To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise inventory during the year. Jan. 1 Inventory on hand-25,000 units cost $13.60 each. Teb. 12 Purchased 75,000 units for $13.90 each. Apr. 30 Sold 50.000 units for $21.40 each. Jul. 22 Purchased 55,000 units for $14.20 each. Sep. Sold 75,000 units for $21.40 each. Nov. 17 Purchased 45,000 waits for $14.60 each. Dec. 31 Inventory on hand-75,000 unita. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (FFO) under a perpetual inventory system. 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (LJFO) under a periodic Inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year, 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12,500. Book Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 equired) Required Record the year-end adjusting entry for the uro reserve, assuming the balance at the beginning of the year was $12,500. (If no entry required for a transaction/event, select "No journal entry required in the first account field) View transaction Journal entry worksheet 1 > Record the year-end adjusting entry for the LIFO reserve MC Prey 5 12 Vindex.html?con contexternal browser &launchuriahttp%253A%252F%252Fnewconnect.mheducation.com%252FX/activity/question- omework To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise Inventory during the year Jan. 1 Inventory on hand-25,000 unita; cout $13.60 each Teb. 12 Purchased 75,000 units for $13.50 each. Apr. 30 Sold 50,000 units for $21.40 each. Jul. 22 Purchased 55,000 units for $14.20 each. Sep. 9 Sold 75,000 units for $21.40 each. Nov. 17 Purchased 45,000 units for $14.60 each. Dec. 31 Inventory on hand-75.000 unit. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first.in, first-out (FIFO) under a perpetual Inventory system 2. Determine the amount Treynor would report externally for ending Inventory and cost of goods sold using lastin, first-out (UFO) under a periodic Inventory system. Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12.500. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (Pro) under a perpetual inventory system, places.) PerseLEO Cost of Goods Available for Sale Cost of Goods Sold - April 30 Cost of #of Cost per of Goods Cost per Cost of units unit Available for unit Goods Sold unit sold Sale 25.000 $13.60 $ 340,000 $ 13.00 Cost of Goods Sold September Inventory Balance of units Cost per Cost of Total Coutor of unit Cost per said un Goods Sold Goods sold in ending inventory unit 5 13.60 5 13.60 Ending wentary Beg. Inventory Purchases February 12 July 22 November 17 Total 75,000 55.000 45.000 200,000 13.00 14.20 14.60 1,042,500 781.000 657.000 13.90 1420 14.00 13.00 14.20 14.00 30 1420 14.00 $2.820.500 Saved To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise inventory during the year Jan. 1 Inventory on hand-25,000 units cost $13.60 each. Teb. 12 Purchased 75,000 units for $13.90 each. Apr. 30 Sold 50,000 units for $21.40 each Jul. 22 Purchased 55,000 units for $14.20 each. Bep. Sold 75,000 units for $21.40 each Nov. 17 Purchased 45,000 units for $14.60 sach. Dec. 31 Inventory on hand-75,000 nits. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first in, first out (FFO) under a perpetual inventory system 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (LIFO) under a periodic Inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year. 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12,500. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (Uro) under a periodic inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10) Cost of Goods Available for Sale Cont of Goods Sold Periodic LFO Endinginantary. Periode Loo LIFO Cost of Goods Cost per of units of units Cost of of units Cost per Available for Cost per in ending Ending Goods Sold unt inventory und Inventory Beginning Inventory 25.000 $ 12.10 S 327.500 $ 13.10 5 13.10 Purchases Feb 12 75,000 $13.90 1042.500 $ 13.00 5 13.00 Jul 22 55.000 $ 14.20 781,000 5 14 20 14.20 Nov 17 45.000 514.60 657.000 $ 1480 $ Total 200.000 $ 250,000 mework Saved To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise inventory during the year. Jan. 1 Inventory on hand-25,000 units cost $13.60 each. Teb. 12 Purchased 75,000 units for $13.90 each. Apr. 30 Sold 50,000 units for $21.40 each. Jul. 22 Purchased 55,000 units for $14.20 each. Sep. 9 Sold 75,000 units for $21.40 each. Nov. 17 Purchased 45,000 units for $14.60 ench. Dec. 31 Inventory on hand-75,000 units. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using tirstin, first-out (FFO) under a perpetual inventory system 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using fast-in, first out (LIFO) under a periodic Inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year . 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12,500, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Hedwired Determine the amount Treynor would or LIFO reserve at the end of the year LIFO Reserve Saved 5 To more efficiently manage its inventory, Treynor Corporation maintains its internal inventory records using first-in, first-out (FIFO) under a perpetual inventory system. The following information relates to its merchandise inventory during the year. Jan. 1 Inventory on hand-25,000 units cost $13.60 each. Teb. 12 Purchased 75,000 units for $13.90 each. Apr. 30 Sold 50.000 units for $21.40 each. Jul. 22 Purchased 55,000 units for $14.20 each. Sep. Sold 75,000 units for $21.40 each. Nov. 17 Purchased 45,000 waits for $14.60 each. Dec. 31 Inventory on hand-75,000 unita. Required: 1. Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (FFO) under a perpetual inventory system. 2. Determine the amount Treynor would report externally for ending inventory and cost of goods sold using last-in, first-out (LJFO) under a periodic Inventory system. (Assume beginning inventory under LIFO was 25,000 units with a cost of $13.10). 3. Determine the amount Treynor would report for its LIFO reserve at the end of the year, 4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $12,500. Book Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 equired) Required Record the year-end adjusting entry for the uro reserve, assuming the balance at the beginning of the year was $12,500. (If no entry required for a transaction/event, select "No journal entry required in the first account field) View transaction Journal entry worksheet 1 > Record the year-end adjusting entry for the LIFO reserve MC Prey 5 12