Ch 6 Assignment (Not Graded) Calculator Perpetual Inventory Using FIFO 1 BE.06.02 ALGO Beginning inventory, purchases, and sales for Item Zeta are as follows: 2. EX.06.164 3. EX.06.164 ALGO 4. EX.06.159 Oct. 1 Inventory 45 units $21 7 Sale 32 units 15 Purchase 36 units 524 24 Sale 22 units Assuming a perpetual inventory system and using the first in first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31 a. Cost of goods sold on October 24 5. EX.06.161 ALGO 6. BE 06.03. ALGO b. Inventory on October 31 7. EX.06.162 8. EX.06.157 9. EX.06.155 10. EX.06.161 Ch 6 Assignment (Not Graded) 7 Calculator 1. BE.06.02.ALGO Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory $10 2. EX.06.164 5 Sale 24 units @ 17 units 10 units @ 3. EX.06. 164. ALGO 17 Purchase $15 30 Sale 8 units 4. EX.06.159 Assuming a perpetual inventory system and the last-in, first-out method: 5. EX.06.161 ALGO a. Determine the cost of the goods sold for the September 30 sale. 6. BE.06.03.ALGO b. Determine the inventory on September 30. 7. EX.06.162 8. EX.06.157 Ch 6 Assignment (Not Graded) Calculator 1. BE.06.02.ALGO Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 25 units @ $14 5 Sale 15 units 17 Purchase 22 units @ $16 2. EX.06.164 3. EX.06.164.ALGO 30 Sale 14 units 4. EX.06.159 Assuming a perpetual inventory system and the last-in, first-out method: 5. EX.06.161. ALGO a. Determine the cost of the goods sold for the September 30 sale. 6. BE.06.03.ALGO b. Determine the inventory on September 30. 7. EX.06.162 8. EX.06.157 9. EX.06.155 1. BE.06.02.ALGO Assume that three identical units of merchandise are purchased during October, as follows 2. EX.06.164 Units Cost 3. EX.06.164 ALGO $5 October 5 Purchase 12 Purchase 28 Purchase Total 4. EX.06.159 3 $33 5. EX.06.161 ALGO Assume one unit is sold on October 31 for $28. Determine cost of goods sold, gross profit, and ending inventory under the FIFO method 6. BE.06.03.ALGO October 31 Sales 7. EX.06.162 Cost of Goods Sold 8. EX.06.157 Gross Profit Ending Inventory 9. EX.06.155 10. EX.06.161 Ch 6 Assignment (Not Graded) Calculator 1. BE.06.02.ALGO 2. EX.06.164 3. EX.06.164 ALGO Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 31 units @ $18 5 Sale 18 units 17 Purchase 33 units @ $20 30 Sale 34 units Assuming a perpetual inventory system and the first-in, first-out method: 4. EX.06.159 5. EX.06.161 ALGO a. Determine the cost of the goods sold for the September 30 sale. 6. BE.06.03 ALGO b. Determine the inventory on September 30. 7. EX.06.162 8. EX.06.157 9. EX.06.155 10. EX.06.161 11. EX.06.163 12. EX.06.156