Wonder Wilderness Company is a service based company that rents canoes for use on local lakes and rivers during 2018 In addition to rental serices, at the beginning of January 2019, Wonder Wildemess Company decided to carry and sell Tants in s logo printed on them. Wonder Wildemess Company uses the perpetual inventory system to account for the inventory During February 2010, Wonder Wilderness Company completed the following merchandising transactions Click the loan to view the transactions) Read the squarements Requirement 1. Assume Wonder Wiedemess Company began February with 40 T-shirts in inventory that cost $3 each Prepare the perpetual invent Enter the transactions in chronological order, calculating new inventory on hand balences after each transaction. We will complete the schede for the first transactions have been entered into the perpetual record, calculate the quantity and sotal cost of merchand inventory purchased, cat, and on hand at 2 Purchases Unit Cost of Goods Sold Inventory on Hand Total Unit Total Unit Tal Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost fub Feb. 2. Sold 30 Tahes for February FFO overtory costing method dates in the sp the next five dates in the folowing step, and so on. Once at of period (Enter the oldest inventory layers fr - X 8 10 121 13 Feb. 5 Purchased 00 Tshots at $4 Feb. 7 S25 T-shirts Feb 824 each Sold 55 Thats for $24 each) Wonder Wildemes Company read the inventory was running low sot paced a nah orde Feb. 10 and purchased 60 Tohins. The preneum cost for these shirts was 17 sach Feb. 12 Placed a second nuach onder and purchased 60 Teherts at $7 Feb 13 S 6 shs for $24 sch Feb 15 Purchased 50 To $4 each In order to avoid future rush orders punchest 120 Tahts Due to the water of the Feb. 20 Wonder Widemess Company was able to negotiate a cost of $3 ach Feb. 21 Sold 15 for $24 Feb 22 od 100 Tahis for 124 Feb 24 55 Tahits for $24 h Enter any number in the edit Gelds and then contrs to the next question Feb 25 Sold 70 This for $24 each Feb. 27 S60 Fits for $20 ch 6. 110 The Inventory. During February 2019, Wonder Wild to view the transactions.) Read the requirements. 20 21 22 22 24 24 Totals 27 Requirement 2. Provide a summary for the month, in both units and dollars, of the change in inventory in the following format 25 Number of Dollar T-shirts Amount Beginning Balance T-shirts Add: Purchases T-shirts Less: Cost of Goods Sold T-shirts Farina Ralance Thirte II Enter any number in the edit fields and then continue to the next question. Save for Later CC 121-07-Fall 2020 N.Mohammed Quiz: Chapter 6 Quiz--Fall 2020--NZM is Question: 100 pts Nole Hemera & 12/28/2095 Ste This Quiz 100 p Wonder Wilderness Company is a service based company that rents canoes for use on local lakes and rivers during 2018 In addition to rental serices, at the beginning of January 2018 Wonder Widemes Company deaded to carry and whe logo printed on them. Wonder Wilderness Company uses the perpetual inventory system to account for the inventory. During February 2018, Wonder Wildemess Company completed the folowing handsing fac (Click the icon to view the transactions) Head the requirements trying metho Requirement 1. Assume Wonder Wilderness Company began February with 40 T-shirts in inventory that cost $3 each Prepare the perpetual inventory records for February using the FIFO Enter the transactions in chronological order, calculating new inventory on hand balances after each trammaction We will complete the schedule for the first tve dates in this step, the next vedas the tgp and so on Oral of th ansacions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory punchased, sold, and on hand at the end of the period in the odd inventory layers Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Feb 1 Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 10 12 13 15 Enter any number in the edit fields and then continue to the next question $51PM 200 it Total Requirements Unit Total - X 1. Assume Wonder Wilderness Company began February with 40 T-shirts in inventory that cost $3 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method. 2. Provide a summary for the month, in both units and dollars, of the change in inventory in the following format: Beginning Balance Add: Purchases Less: Cost of Goods Sold Ending Balance e next question. Number of T-shirts Dollar Amount Print Done 21 22 22 24 24 Totals 27 Requirement 2. Provide a summary for the month, in both units and dollars, of the change in inventory in the following format: 25 25 Number of Dollar T-shirts Amount Beginning Balance T-shirts Add: Purchases T-shirts Less. Cost of Goods Sold T-shirts Ending Balance T-shirts Enter any number in the edit fields and then continue to the next