Yeti sells hard coolers for outdoor activities The following is taken from the 2021 inventory records of YETIs product Tundra 65 Hard Cooler units per unit 1 1 2021 Beginning inventory 10,000 $120 7 Jan Purchases 5,000 $110 25 Jan Purchases 6,000 $140 10 Feb Sales 3,000 $350 7 May Purchases 6,000 $180 29 Jun Sales 5,000 $350 7 Aug Purchases 3,000 $150 29 Aug Sales 2,000 $350 29 Sep Sales 4,000 $350 29 Oct Purchases 5,000 $170 12 31 2021 Inventory on hand 21,000 Assume that YETI is using the periodic inventory system and the average cost method Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation beginning balance total purchase cost of goods sold ending balance Assume that YETI is using the periodic inventory system and the FIFO cost method Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation beginning balance total purchase cost of goods sold ending balance Assume that YETI is using the periodic inventory system and the LIFO cost method Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation beginning balance total purchase cost of goods sold ending balance Assume that YETI is using the perpetual inventory system and the average cost method Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation beginning balance total purchase cost of goods sold ending balance Assume that YETI is using the perpetual inventory system and the FIFO cost method Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation beginning balance total purchase cost of goods sold ending balance Assume that YETI is using the perpetual inventory system and the LIFO cost method Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation beginning balance total purchase cost of goods sold ending balance

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Yeti sells hard coolers for outdoor activities. The following is taken from the 2021 inventory records of YETIs product Tundra 65 Hard Cooler. # units

Yeti sells hard coolers for outdoor activities. The following is taken from the 2021 inventory records of YETIs product Tundra 65 Hard Cooler.

		# units	per unit
1/1/2021	Beginning inventory	10,000	$120
7-Jan	Purchases:	5,000	$110
25-Jan	Purchases:	6,000	$140
10-Feb	Sales:	3,000	$350
7-May	Purchases:	6,000	$180
29-Jun	Sales:	5,000	$350
7-Aug	Purchases:	3,000	$150
29-Aug	Sales:	2,000	$350
29-Sep	Sales:	4,000	$350
29-Oct	Purchases:	5,000	$170
12/31/2021	Inventory on hand	21,000	?

Assume that YETI is using the periodic inventory system and the average cost method. Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory. *Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation [beginning balance + total purchase cost of goods sold = ending balance]
Assume that YETI is using the periodic inventory system and the FIFO cost method. Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory. *Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation [beginning balance + total purchase cost of goods sold = ending balance]
Assume that YETI is using the periodic inventory system and the LIFO cost method. Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory. *Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation [beginning balance + total purchase cost of goods sold = ending balance]
Assume that YETI is using the perpetual inventory system and the average cost method. Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory. *Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation [beginning balance + total purchase cost of goods sold = ending balance]
Assume that YETI is using the perpetual inventory system and the FIFO cost method. Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory. *Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation [beginning balance + total purchase cost of goods sold = ending balance]
Assume that YETI is using the perpetual inventory system and the LIFO cost method. Determine the beginning balance of the inventory, total purchase, cost of goods sold, and the ending balance of the inventory. *Show separate calculations of cost of goods sold and the ending balance, and then later verify those answers by showing the relation [beginning balance + total purchase cost of goods sold = ending balance]