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XYZ Merchandising Company uses UFO and the periodic inventory method and counts inventory at the end of every year XYZ has a 12/31 year end
XYZ Merchandising Company uses UFO and the periodic inventory method and counts inventory at the end of every year XYZ has a 12/31 year end date and sellsone item details below Date Units Unit Cost SV Beginning Inventory 1/1/9/10 800 $5.00 $ 4.000 Purchases during Year 10 1.000 $12.00 $12.000 it is now December 15.10 and all sales and shiliments have occurred for Year 10 Requirements Inventory quantity on this date, 12/15/910, w 200 units, determined tohysical count Whout considering the internation in requirement below, calculate the cost of Goods Sold amount that will be reported on the Your 10 income state Requirement 2 The unit cost now and for the foreseeable future into Year 11 515 pt XYZhas plenty of cash anglescents Warehouse, and also expects robust demand for this product well into Year 11 and beyond. There is no chance that this product will spoil or become obsolete The CFO tells the Controller to find tax deductions since Year 10 w XV most profitable year and they are in high position Calculate the number of units of inventory that XYZ should purchase during the last two weeks of 10 COGS 10 the highest amount possible
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