2. The data below relate to Raw Material W, which is stocked by Maysoon Inc. in...

 

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2. The data below relate to Raw Material W, which is stocked by Maysoon Inc. in its warehousing operation: Raw Material W Units Dollars Date Purchased sold Balanc Price Purchased Sold Balance Jan. 1 1,600 $16 $25,600 Jan. 11 2,000 14 $28,000 Feb. 16 960 Mar. 20 680 June 22 580 15 8,700 Aug. 18 Sept. 10 Oct. 8 Dec. 9 Dec. 21 950 810 1,510 17 25,670 930 400 18 7,200 From these dala provide answers for the folowing Ishow computations]: 1) Assuming a perpetual inventory system is used, compute the ending inventory and the cost of goods sold under FIFO. (2) ifa perpetual inventory of naw Material W is kept on a moving average basis, compute the ending inventory and the cost of goods soid. 03. Sarya Al-Agaba is a construction company. The company started anew Giant Villas Project began on 2. The data below relate to Raw Material W, which is stocked by Maysoon Inc. in its warehousing operation: Raw Material W Units Dollars Date Purchased sold Balanc Price Purchased Sold Balance Jan. 1 1,600 $16 $25,600 Jan. 11 2,000 14 $28,000 Feb. 16 960 Mar. 20 680 June 22 580 15 8,700 Aug. 18 Sept. 10 Oct. 8 Dec. 9 Dec. 21 950 810 1,510 17 25,670 930 400 18 7,200 From these dala provide answers for the folowing Ishow computations]: 1) Assuming a perpetual inventory system is used, compute the ending inventory and the cost of goods sold under FIFO. (2) ifa perpetual inventory of naw Material W is kept on a moving average basis, compute the ending inventory and the cost of goods soid. 03. Sarya Al-Agaba is a construction company. The company started anew Giant Villas Project began on

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1 FIFO method Goods Purchases Cost of good Sold Inventory Balance Units Unit Cost Total Units Uni... View the full answer