Question: CAN SOMEONE FIX MY TASK ASAP ? HELP 1: COMPUTADORAS DEL FUTURO INCOME STATEMENT - LIFO FOR THE MONTH ENDED APRIL 30 SALES APRIL 6

CAN SOMEONE FIX MY TASK ASAP ?

HELP 1:

CAN SOMEONE FIX MY TASK ASAP ? HELP 1:CAN SOMEONE FIX MY TASK ASAP ? HELP 1:CAN SOMEONE FIX MY TASK ASAP ? HELP 1:CAN SOMEONE FIX MY TASK ASAP ? HELP 1:
COMPUTADORAS DEL FUTURO INCOME STATEMENT - LIFO FOR THE MONTH ENDED APRIL 30 SALES APRIL 6 ($85 X 4 UNITS) 340 APRIL 13 ($95 X 5 UNITS) 475 APRIL 15 ($95 X 3 UNITS) 285 APRIL 21 ($115 X 8 UNITS) 920 APRIL 22 ($115 X 2 UNITS) 230 APRIL 30 ($115 X 6 UNITS) 690 TOTAL SALES REVENUE 2,940 LESS: COST OF GOODS SOLD- LIFO 2,862 GROSS PROFIT 78 LES: OPERATING EXPENSES 1,500 NET LOSS -1,422COMPUTADORAS DEL FUTURO INCOME STATEMENT - WEIGHTED AVERAGE FOR THE MONTH ENDED APRIL 30 SALES APRIL 6 ($85 X 4 UNITS) 340 APRIL 13 ($95 X 5 UNITS) 475 APRIL 15 ($95 X 3 UNITS) 285 APRIL 21 ($115 X 8 UNITS) 920 APRIL 22 ($115 X 2 UNITS) 230 APRIL 30 ($115 X 6 UNITS) 690 TOTAL SALES REVENUE 2,940 LESS: COST OF GOODS SOLD-WEIGHTED AVERAGE 2,617 GROSS PROFIT 323 LES: OPERATING EXPENSES 1,500 NET LOSS -1,177LIFO - PERIODIC UNITS UNIT COST TOTAL UNITS FROM APRIL 8 PURCHASE 11 84 924 ENDING INVENTORY 21 1,718 THE COST OF GOODS SOLD IS COMPUTED AS FOLLOWS: GOODS AVAILABLE FOR SALE 4,580 WEIGHTED AVERAGE - PERIODIC UNITS UNIT COST TOTAL UNITS PURCHASE 924 PURCHASE 2,180 PURCHASE 900 TOTAL GOODS AVAILABLE FOR SALE 49 4,580 THE COST OF GOODS SOLD IS COMPUTED AS FOLLOWS: GOODS AVAILABLE FOR SALE 4,580 MAKE IT IN EXCEL FOR MY BE1TEFl uunEBSIAumNu IHANKSJ: Help 1: Reports with inventory posting - Exercise 1:_F|FO, !__|_E_Q_ and weighted average. WW del Em made several purchases and sales in April:_He had operating expenses of $ 1,500. 1. Make three income statements: one using the FIFO method, another LIFO, and the other using the weighted average. 2. Calculate the cost of goods sold using the periodic inventory model. Date Detail Quantity Unit cost (unit cost) April 1 Starting Inventory 8 $ 72 6 Sale 4 $ 85 the sale 8 Buy 1 1 84 13 Sale 5 $ 95 the sale 15 Sale 3 $ 95 the sale 19 Buy 20 109 21 Sale 8 $115 the sale 22 Sale 2 $ 115 the sale 27 Buy 10 90 30 Sale 6 $115 the sale - Exercise 2=_Periodic inventory Using the periodic inventory method, compute the cost of goods sold for the following exercise: Date Detail Quantity Unit cost (unit cost) May 1 Starting Inventory 12 $ 112 6 Sale 5 8 Buy 20 103 13 Sale 6 30 Sale 5

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