Question: a Below is the inventory schedule using the weighted-average cost inventory valuation method. Fill in the missing numbers. Assume that this company uses the
a Below is the inventory schedule using the weighted-average cost inventory valuation method. Fill in the missing numbers. Assume that this company uses the perpetual imeory system. Do not enter dollar signs.or.commas in the input boxes Bound all answers to 2 decimal places. When.calculating the unit cost, round to 2 decimal places as well Inventory Schedule Purchases Sales Balance Quantity Amount $ Quantity Amount $ Quantity Amount S Transaction Description Opening Balance 21 Purchase from Hoora Co 500 9,000.00 #2 Sale to Ace Co. 250 4.500.00 43 Sale to Beta Co 125 #4 Purchase from VVY Co. 80 2.320.00 40 #5 Sale to Lime Co. Qu b) If the specific identification method had been used, what would the value of COGS been for the sale to Lime Co.? Assume 20 of the units sold to Lime Co. were purchased from Hoors Co and the other 20 units were purchased from YYY Co. COGS $ If the FIFO method had been used, what would the value of COGS been for the sale to Lime Co.? COGS-S
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