a$)$ Fill in the missing numbers in the inventory schedule using the weighted$-$average cost inventory valuation method. This company uses the perpetual inventory system.

Do not enter dollar signs or commas in the input boxes.

Round all answers to $2$ decimal places. All unit cost calculations should be rounded to $2$ decimal places as well.

Inventory Schedule

Purchases Sales Balance

Transaction Description Quantity Amount Quantity Amount Quantity Amount

Opening Balance $0$ $ $0$

May $5$ Purchase from AAA Co$.600$ $$8,400\mathrm{.}00$ Answer $1$ Question $1$

$0$

$Answer $2$ Question $1$

$0$

Answer $3$ Question $1$

$600$

$Answer $4$ Question $1$

$8400$

May $7$ Sale to SSS Co$.$ Answer $5$ Question $1$

$0$

$Answer $6$ Question $1$

$0$

Answer $7$ Question $1$

$300$

$Answer $8$ Question $1$

$4200$

$300$ $$4,200\mathrm{.}00$

May $13$ Sale to TTT Co$.$ Answer $9$ Question $1$

$0$

$Answer $10$ Question $1$

$0$

$150$ $Answer $11$ Question $1$

$2100$

Answer $12$ Question $1$

$150$

$Answer $13$ Question $1$

$2100$

May $15$ Purchase from BBB Co$.90$ $$1,800\mathrm{.}00$ Answer $14$ Question $1$

$Answer $15$ Question $1$

$20$

Answer $16$ Question $1$

$240$

$Answer $17$ Question $1$

$3900$

May $24$ Sale to UUU Co$.$ Answer $18$ Question $1$

$0$

$Answer $19$ Question $1$

$0$

$20$ $Answer $20$ Question $1$

$325$

Answer $21$ Question $1$

$220$

$Answer $22$ Question $1$

$3575$

May $28$ Purchase from CCC Co$.80$ $$1,200\mathrm{.}00$ Answer $23$ Question $1$

$0$

$Answer $24$ Question $1$

$0$

Answer $25$ Question $1$

$300$

$Answer $26$ Question $1$

$4775$

b$)$ If the FIFO method had been used, what would the value of COGS been for the sale to UUU Co$.?$

COGS $=$ $Answer $27$ Question $1$

$11400$

c$)$ If the specific identification method had been used, what would the value of COGS been for the sale to UUU Co$.?$ Assume all the units were purchased from BBB Co$.$

COGS $=$ $Answer $28$ Question $1$

$11400$