Saved 3 [The following information applies to the questions displayed below.] The following are the transactions...

Transcribed Image Text:

Saved 3 [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Part 1 of 3 10 points eBook Print July 1 July 13 Beginning Inventory Purchase Units 47 Unit Cost $ 10 Unit Selling Price 235 12 July 25 July 31 Sold Ending Inventory (100) 182 $ 16 Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. References Required A Required B Mc Graw Hill Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Cost per Units Total Unit $ 0 $ 69 S 0 0 S < Prev 3 4 5 of 7 Next > MacBook Pro Help 7 Connect Save & Ch VU MyNova 7 Connect Homework 7 G D Blackboard Learn Saved July 13 July 25 July 31 Purchase Sold 235 12 (100) $ 16 Ending Inventory 182 f3 Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory syste b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Book Required A Required B Print ferences Mc Graw Hill Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is use FIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units Cost per Unit Total $ 0 $ 0 2 Total Cost of Goods Sold Ending Inventory #4 $ #3 Required A $ 0 Required B > < Prev 345 of 7 Next > MacBook Pro > Bc 1 He do % 5 6> & 6 7 Beginning Inventory Part 1 of 3 July 13 July 25 July 31 Purchase Sold Ending Inventory Units 47 235 (100) 182 Unit Cost Unit Selling Price $ 10 12 $ 16 10 points eBook Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Print Required A Required B References Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Sales Cost of Goods Sold Gross Profit Mc Graw Hill < Required A Required B > S < Prev 3 4 5 of 7 Next >> MacBook Pro Saved 3 [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Part 1 of 3 10 points eBook Print July 1 July 13 Beginning Inventory Purchase Units 47 Unit Cost $ 10 Unit Selling Price 235 12 July 25 July 31 Sold Ending Inventory (100) 182 $ 16 Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. References Required A Required B Mc Graw Hill Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Cost per Units Total Unit $ 0 $ 69 S 0 0 S < Prev 3 4 5 of 7 Next > MacBook Pro Help 7 Connect Save & Ch VU MyNova 7 Connect Homework 7 G D Blackboard Learn Saved July 13 July 25 July 31 Purchase Sold 235 12 (100) $ 16 Ending Inventory 182 f3 Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory syste b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Book Required A Required B Print ferences Mc Graw Hill Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is use FIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units Cost per Unit Total $ 0 $ 0 2 Total Cost of Goods Sold Ending Inventory #4 $ #3 Required A $ 0 Required B > < Prev 345 of 7 Next > MacBook Pro > Bc 1 He do % 5 6> & 6 7 Beginning Inventory Part 1 of 3 July 13 July 25 July 31 Purchase Sold Ending Inventory Units 47 235 (100) 182 Unit Cost Unit Selling Price $ 10 12 $ 16 10 points eBook Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Print Required A Required B References Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Sales Cost of Goods Sold Gross Profit Mc Graw Hill < Required A Required B > S < Prev 3 4 5 of 7 Next >> MacBook Pro