1 Practice Problem 1 2 3 Table 1 4 5 Assume the following data for ABC Company Sales for November 2023: 6 Beginning inventory Nov. 1 purchase Sale C Nov. 2 purchase Sale Nov. 3 purchase Sale D 10 units at $7 each 15 units at $9 each 20 units at $15 each 20 units at $10 each 12 units at $15 each 12 units at $11 each 10 units at $16 each E LL F 7 8 9 10 11 2 3 4 5 On November 30, a physical count reveals 15 units on hand. 6 2) Refer to Table 1. Calculate ending inventory for ABC Company Sales assuming the perpetual moving-weighted-average-cost method is being used. B 93) Refer to Table 1. Calculate gross margin for ABC Company Sales assuming the perpetual moving-weighted-average-cost method is being used. ) 4) Refer to Table 1. Calculate ending inventory for ABC Company Sales assuming the perpetual FIFO cost method is being used. 5) Refer to Table 1. Calculate gross margin for ABC Company Sales assuming the perpetual FIFO cost method is being used. G H 1

Assume the following data for ABC Company Sales for November 2023: On November 30 , a physical count reveals 15 units on hand. 2) Refer to Table 1. Calculate ending inventory for ABC Company Sales assuming the perpetual moving-weighted-average-cost method is being used. 3) Refer to Table 1. Calculate gross margin for ABC Company Sales assuming the perpetual moving-weighted-average-cost method is being used. 4) Refer to Table 1. Calculate ending inventory for ABC Company Sales assuming the perpetual FIFO cost method is being used 5) Refer to Table 1. Calculate gross margin for ABC Company Sales assuming the perpetual FIFO cost method is being used. Assume the following data for ABC Company Sales for November 2023 : On November 30 , a physical count reveals 15 units an hand. 2) Refer to Table 1. Calculate ending imventory for ABC Company Sales assuming the perpetual moving-weighted-average-cost method is being used. 3) Refer to Table 1. Calculate gross margin for ABC Company Sales assuming the perpetual moving-weighted-average-cost method is being used. 4) Refer to Table 1. Calculate ending inventory for ABC Company Sales assuming the perpetual FiFO cost method is being used. 5) Refer to Table 1. Calculate gross margin for ABC Company Sales assuming the perpetual FiFO cost method is being used