a Problem 6-6A Alternative cost flows-perpetual LO2, 3 Case Defence sells smartphone cases and uses the...

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a Problem 6-6A Alternative cost flows-perpetual LO2, 3 Case Defence sells smartphone cases and uses the perpetual Inventory system. The following is information on the purchases and sales of "Defender Box" cases. On October 1, Case Defence had 34 units with a unit cost of $28. Purchases Sales Date Units Unit Cost Units Unit Price Oct. 3 24 29 Oct. 6 29 $64 Oct. 12 34 31 Oct. 19 34 $64 Oct. 23 44 Oct. 30 33 39 $64 Oct. 31 29 Required: 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. (Do not round intermediate calculations. Round all weighted average unit costs to two decimal places and round all other numbers to the nearest dollar.) a FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold 2. Using your calculations in Part 1, complete the following table: (Do not round intermediate calculations. Round the final answers to nearest dollar.) Sales Cost of goods sold PS Gross profit FIFO Moving Weighted Average 3-a. Which method produce the higher gross profit? O FIFO O Moving weighted average 3-b. Which method produce the higher ending inventory balance? O FIFO es O Moving weighted average 4. Calculate the gross profit percentage for FIFO and Moving weighted average for the month of October. (Round the final answers to the nearest whole number.) 1 FIFO 2. Moving weighted average Gross Profit percentage % % a Problem 6-6A Alternative cost flows-perpetual LO2, 3 Case Defence sells smartphone cases and uses the perpetual Inventory system. The following is information on the purchases and sales of "Defender Box" cases. On October 1, Case Defence had 34 units with a unit cost of $28. Purchases Sales Date Units Unit Cost Units Unit Price Oct. 3 24 29 Oct. 6 29 $64 Oct. 12 34 31 Oct. 19 34 $64 Oct. 23 44 Oct. 30 33 39 $64 Oct. 31 29 Required: 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. (Do not round intermediate calculations. Round all weighted average unit costs to two decimal places and round all other numbers to the nearest dollar.) a FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold 2. Using your calculations in Part 1, complete the following table: (Do not round intermediate calculations. Round the final answers to nearest dollar.) Sales Cost of goods sold PS Gross profit FIFO Moving Weighted Average 3-a. Which method produce the higher gross profit? O FIFO O Moving weighted average 3-b. Which method produce the higher ending inventory balance? O FIFO es O Moving weighted average 4. Calculate the gross profit percentage for FIFO and Moving weighted average for the month of October. (Round the final answers to the nearest whole number.) 1 FIFO 2. Moving weighted average Gross Profit percentage % %