Question: Calculator eBook Periodic Inventory by Three Methods The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as

 Calculator eBook Periodic Inventory by Three Methods The beginning inventory for
Dunne Co. and data on purchases and sales for a three-month period

Calculator eBook Periodic Inventory by Three Methods The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows Number Date Transaction of Units Per Unit Total $30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 1,.200 1,240 2,000 Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 0 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale 2,250 Required: 1. Determine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the first-in, first-out method a Merchandise inventory, June 30 Cost of merchandise sold 2. Determine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the last-in, first out method and Merchandise inventory, June 30 Cost of merchandise sold 3. Determine the inventory on hune 30 and the cost of merchandive sold for the three month perlod, using the weighted average cost method 2 moe Check My Work uses e DOLL

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!