ap/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%- 5 Inventory Saved All answers must be entered as a formula. Click OK to begin. OK EDs Homework Chapter 6 Inventory 6 Seved Help Save & Exit 1. Calculate cost of ending inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average Cost methods. ? OBS. FILE HOME X Calor Inventory costing methods. Excel FORMULAS DATA REVIEW X INSERT PAGE LAYOUT VIEW Sign in -11 A Paste BIU * Editing A- % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font AI 4 Better Bottles, Inc., uses a periodic inventory system and has the following E B C D 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 3 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 201$ 20.00 $ 400.00 3 Jan. 15 Purchase 27 22.00 594.00 6 Jan. 20 Purchase 33 30.00 990.00 7 Goods Available for Sale BO S 1.984.00 8 Less: January Sales 36 9 Ending Inventory 44 10 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 REVUIRCU. nuirework Chapter 6 Inventory Saved 7 26.53 points 10 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 Beginning Inventory 24 Jan. 15 Purchase 25 36 26 Skipped eBook References 24 Jan. 15 Purchase 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 3 s LIFO Ending Inventory # of Units Cost kipped per Unit Total Cost 29 30 Description 31 Beginning Inventory 32 Jan. 15 Purchase 33 eBook 44 34 ferences LIFO Cost of Goods Sold # of Units Cost per Unit Total Cost 35 36 Description 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 40 36 Urmomework Chapter 6 Inventory Saved 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 36 40 41 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold. 43 44 45 46 47 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale per unit Weighted Average Ending Inventory # of Units Cost per Unit Total Cost 48 49 50 51 52 53 54 55 Weighted Average Cost of Goods Sold # of Units Cost per Unit Tot Cost IRED: Homework Chapter 6 Inventory Saved 52 Weighted Average Cost of Goods Sold 53 # of Units Cost per Unit Total Cost 54 SS 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 64 65 66 ped ok ences 67 + ap/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%- 5 Inventory Saved All answers must be entered as a formula. Click OK to begin. OK EDs Homework Chapter 6 Inventory 6 Seved Help Save & Exit 1. Calculate cost of ending inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average Cost methods. ? OBS. FILE HOME X Calor Inventory costing methods. Excel FORMULAS DATA REVIEW X INSERT PAGE LAYOUT VIEW Sign in -11 A Paste BIU * Editing A- % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font AI 4 Better Bottles, Inc., uses a periodic inventory system and has the following E B C D 1 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 3 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 201$ 20.00 $ 400.00 3 Jan. 15 Purchase 27 22.00 594.00 6 Jan. 20 Purchase 33 30.00 990.00 7 Goods Available for Sale BO S 1.984.00 8 Less: January Sales 36 9 Ending Inventory 44 10 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 REVUIRCU. nuirework Chapter 6 Inventory Saved 7 26.53 points 10 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 Beginning Inventory 24 Jan. 15 Purchase 25 36 26 Skipped eBook References 24 Jan. 15 Purchase 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 3 s LIFO Ending Inventory # of Units Cost kipped per Unit Total Cost 29 30 Description 31 Beginning Inventory 32 Jan. 15 Purchase 33 eBook 44 34 ferences LIFO Cost of Goods Sold # of Units Cost per Unit Total Cost 35 36 Description 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 40 36 Urmomework Chapter 6 Inventory Saved 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 36 40 41 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold. 43 44 45 46 47 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale per unit Weighted Average Ending Inventory # of Units Cost per Unit Total Cost 48 49 50 51 52 53 54 55 Weighted Average Cost of Goods Sold # of Units Cost per Unit Tot Cost IRED: Homework Chapter 6 Inventory Saved 52 Weighted Average Cost of Goods Sold 53 # of Units Cost per Unit Total Cost 54 SS 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 64 65 66 ped ok ences 67 +