D2L Grades - Accounting Principle X M Question 1 - Post-Class Assig x Homework Help - Q&A from ( x Q course hero - Search x + 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddle... A Paused Post-Class Assignment 6 i Saved Help Save & Exit Submit Check my work Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising (LO6-3) 1.42 During the year, TRC Corporation has the following inventory transactions. points Number of Unit Total Date Transaction Units Cost Cost January 1 Beginning inventory 49 $41 $2, 009 April 7 Purchase 129 43 5,547 199 46 9, 154 eBook July 16 Purchase October 6 Purchase 109 47 5, 123 486 $21, 833 References For the entire year, the company sells 428 units of inventory for $59 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. Complete this question by entering your answers in the tabs below. Req la and b Req ic and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Using LIFO, calculate ending inventory and cost of goods sold. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Number Cost per Number Cost per Cost of Goods Cost Goods Number Ending of units unit Available of units unit Sold of units per unit Inventory for Sale Mc Graw Prey. 1 of 7 Next >D2L Grades - Accounting Principle X Q course hero - Search x M Question 1 - Post-Class Assig X Homework Help - Q&A from ( x | + CA 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddle... A Paused Post-Class Assignment 6 i Saved Help Save & Exit Submit Check my work I-c & a. Using FIFU, calculate sales revenue ana gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 1.42 4. Determine which method will result in higher profitability when inventory costs are rising. points Complete this question by entering your answers in the tabs below. eBook Req la and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Reg 4 References Using LIFO, calculate ending inventory and cost of goods sold. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of Number Cost per Goods Number Cost per Goods Number Cost Ending of units unit Available of units unit Sold of units per unit Inventory for Sale Beginning Inventory 49 $ 41 $ 2,009 0 Purchases: April 07 129 $ 43 5,547 July 16 199 $ 46 9,15 199 $ 46 9,154 O October 06 109 $ 47 5,12 109 $ 47 5,123 Tota 486 $ 21,833 HillD2L Grades - Accounting Principle X Q course hero - Search x M Question 1 - Post-Class Assig X Homework Help - Q&A from ( x | + CA 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddle... A Paused Post-Class Assignment 6 i Saved Help Save & Exit Submit Check my work 4-d a w. Usilly LIU, calculate ellumlly IIIvelIly allu LUSL UI youus SUIu. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. 1.42 points Complete this question by entering your answers in the tabs below. eBook Req la and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Using weighted-average cost, calculate ending inventory and cost of goods sold. (Round "Average Cost per unit" to 4 decimal places and all other answers to 2 decimal places.) References Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Number Average Cost Cost of Goods Available for Number Average Cost per Cost of Goods Number of Average Cost per Ending of units per Unit of units Unit Sold units Unit Sale Inventory Beginning Inventory 49 $ 2,009 Purchases: April 07 129 5,547 July 16 199 9,154 October 06 109 5,123 Total 186 $ 21,833 HillD2L Grades - Accounting Principle X Q course hero - Search x M Question 1 - Post-Class Assig X Homework Help - Q&A from ( x | + 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddle... A Paused Post-Class Assignment 6 i Saved Help Save & Exit Submit Check my work Date Transaction Units Cost Cost January 1 Beginning inventory 49 $41 $2, 009 April 7 Purchase 129 43 5,547 July 16 Purchase 199 46 9, 154 October 6 Purchase 109 47 5, 123 486 $21, 833 1.42 points For the entire year, the company sells 428 units of inventory for $59 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. eBook 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit References 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. Complete this question by entering your answers in the tabs below. Req la and b Req 1c and d Req 2a and b |Req 2c and d Req 3a and b Req 3c and d Reg 4 Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) Sales revenue $ 25,252.00 Gross profi Req 3a and b Req 4 > Mc Graw Hill