Kohler LLC has the following inventory transactions during August: Date. August 1 (balance) August 6 August...

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Kohler LLC has the following inventory transactions during August: Date. August 1 (balance) August 6 August 16 August 27 Periodic/Perpetual FIFO Periodic LIFO Periodic Average Cost Purchases Perpetual LIFO Quantity 700 1,200 1,500 600 Price $4.10 $5.60 $.6.35 $7.35 Perpetual Average Cost (Extra Credit) Calculate cost of goods sold and ending inventory assuming Kohler LLC uses each of the following cost flow assumptions to value inventory: (24 points) Inventory Cost Flow Method Cost of Goods Sold Ending Inventory $ $ Date August 3 August 10 August 201 $ $ $ Sales Quantity 450 750 2,150 Price $13.00 $14.00 $15.00 Kohler LLC has the following inventory transactions during August: Date. August 1 (balance) August 6 August 16 August 27 Periodic/Perpetual FIFO Periodic LIFO Periodic Average Cost Purchases Perpetual LIFO Quantity 700 1,200 1,500 600 Price $4.10 $5.60 $.6.35 $7.35 Perpetual Average Cost (Extra Credit) Calculate cost of goods sold and ending inventory assuming Kohler LLC uses each of the following cost flow assumptions to value inventory: (24 points) Inventory Cost Flow Method Cost of Goods Sold Ending Inventory $ $ Date August 3 August 10 August 201 $ $ $ Sales Quantity 450 750 2,150 Price $13.00 $14.00 $15.00

Answer rating: 100% (QA)

The image shows a list of inventory transactions including purchases and sales for Kohler LLC during the month of August The task at hand is to calculate the cost of goods sold COGS and the ending inv... View the full answer