question archive The following purchase and sale information is provided: Beginning Inventory 200 units at $6 each Purchase: April 10 400 units at $7 each Sale: April 29 320 units at $15 each Purchase: May 15 250 units at $7 each Sale: June 10 1?5 units at $16 each Purchase: July 9 200 units at $8 each Sale: September 20 225 units at $17 each Purchase: October 8 100 units at $11 each Sale: December 2 180 units at $20 each a
The following purchase and sale information is provided: Beginning Inventory 200 units at $6 each Purchase: April 10 400 units at $7 each Sale: April 29 320 units at $15 each Purchase: May 15 250 units at $7 each Sale: June 10 1?5 units at $16 each Purchase: July 9 200 units at $8 each Sale: September 20 225 units at $17 each Purchase: October 8 100 units at $11 each Sale: December 2 180 units at $20 each a
Subject:AccountingPrice: Bought3
The following purchase and sale information is provided: Beginning Inventory 200 units at $6 each Purchase: April 10 400 units at $7 each Sale: April 29 320 units at $15 each Purchase: May 15 250 units at $7 each Sale: June 10 1?5 units at $16 each Purchase: July 9 200 units at $8 each Sale: September 20 225 units at $17 each Purchase: October 8 100 units at $11 each Sale: December 2 180 units at $20 each a.) Calculate Sales Revenue: b.) Show calculations to determine Cost of Goods Available for Sale.
c.) Show calculations to determine ending inventory using the periodic inventory system under FIFO. d.) Calculate Gross Pro?t using the periodic inventory system under FIFO. e.) Show calculations to determine ending inventory using the periodic inventory system under LIFO.
f.) Calculate Gross Pro?t using the periodic inventory system under LIFO. g.) Show calculations to determine ending inventory using the periodic inventory system under weighted-average. (round to the nearest cent) h.) Calculate Gross Pro?t using the periodic inventory system under weighted-average. St:
