Question: can someone please help me PB7-1 (Algo) Analyzing the Effects of Four Alternative Inventory Methods in a Periodic Inventory System [LO 7-3) 1 250 750

can someone please help me
can someone please help me PB7-1 (Algo) Analyzing the Effects of Four
Alternative Inventory Methods in a Periodic Inventory System [LO 7-3) 1 250
750 4.00 50 200 Mojo Industries tracks the number of units purchased
and sold throughout each accounting period but applies its inventory costing method

PB7-1 (Algo) Analyzing the Effects of Four Alternative Inventory Methods in a Periodic Inventory System [LO 7-3) 1 250 750 4.00 50 200 Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the accounting period, January 31. The inventory's selling price is $9 per unit Unit Transactions Cout Units total cost Inventory. January 1 $ 2.50 200 $ 500 Sale, January 10 (140) Purchase, January 12 3.00 Sale, January 17 (90) Purchase, January 26 Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: a, Weighted average cost b. First-In, first-out. c. Last-in, first-out. d. Specific identification, assuming that the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase 2-a. Or the four methods, which will result in the highest gross profit? 2-b. Of the four methods, which will result in the lowest income taxes? Complete this question by entering your answers in the tabs below. Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: a. Weighted average cost. b. First-in, first-out. c. Last-in, first-out. d. Specific identification, assuming that the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase. 2-a. Of the four methods, which will result in the highest gross profit? 2-b. Of the four methods, which will result in the lowest income taxes? Complete this question by entering your answers in the tabs below. Reg 1 Req ZA Reg 28 Compute the amount of goods available for sale, ending Inventory, and cost of goods sold at January 31 under each of the inventory costing methods. (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Amount of Goods Cost of Goods Available for Sale Ending Inventory Sold a Weighted average cost b. First-in, first-out c. Last-in, first-out: d. Specific identification Rag Req 2A > 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: a. Weighted average cost. b. First-in, first-out c. Last-in, first-out d. Specific identification, assuming that the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase 2-a. Of the four methods, which will result in the highest gross profit? 2-b. of the four methods, which will result in the lowest income taxes? 5 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 of the four methods, which will result in the highest gross profit? Weighted average cost OFirst-in, first-out Last-in, first-out Specific identification Rog 28 > Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: a. Weighted average cost. b. First-in, first-out c. Last-in, first-out. d. Specific identification, assuming that the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase. 2-a. Of the four methods, which will result in the highest gross profit? 2-b. Of the four methods, which will result in the lowest income taxes? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 of the four methods, which will result in the lowest income taxes? Weighted average cost First-in, first-out Last-in, first-out Specific identification Blou 2011

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