Question: Could I get some help with this? You have the following information for Sunland Inc. Sunland Inc. uses the periodic method of accounting for its


You have the following information for Sunland Inc. Sunland Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,000 liters at a cost of 70 per liter. March 3 Purchased 2,500 liters at a cost of 74t per liter. March 5 Sold 2,300 liters for $1.05 per liter. March 10 Purchased 4,000 liters at a cost of 81c per liter. March 20 Purchased 2,500 liters at a cost of 89c per liter. March 30 Sold 5,200 liters for $1.25 per liter. (1) Specific identification method assuming: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning itiventory and 1,300 liters from the March 3 purchase; and (iix) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1; 550 liters from March 3; 2 . 900 liters fram March 10- 1.300 liters from March 20 . (1) Specific identification method arsaming Q4. The March 5 sale condisted of 1.000 liters fron the March 1 begrning inventory and 1.300 Iderstron the March 2 purchase ard (2) FiFO
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