Question: do the part B pls part A for just reference only Part B The following is the information regarding an inventory item of Storm Ltd

do the part B pls part A for just reference only
do the part B pls part A for just reference only Part
B The following is the information regarding an inventory item of Storm

Part B The following is the information regarding an inventory item of Storm Ltd on June 31, 2021. Inventory Code: Surf100 Selling price: $110 To sell a surfboard set, Storm Ltd has to pay transportation costs of $20 per surfboard to deliver the goods to customers. Cost per unit: $100 Quantity balance as per stock card: 670 units A physical stock count at year-end: 650 units Required: Determine the reported value of ending inventory under IAS 2/ AASB 102 Inventories, Prepare all necessary journal entries for any investory gain/losses and any write-down. Show workings and include narrations. Storm Ltd sells and distributes surfboards. Storm 1 is using the perpetual inventory system and applying the First-In-First-Out (FIFO) method. Part A The following information was extracted from the book of Storm Ltd for September 2021 for an inventory item. Inventory code: Surf200 Purchases Date Transactions Sept 1 Beginning inventory Sept 12 Purchases Sept 19 Purchases Sept 26 Purchases Unit 52 90 56 80 Unit cost $96 $100 $104 $105 Sales Date Transactions Unit Sept 6 Sept 17 Sept 29 Sept 30 Sales Sales Sales Ending inventory 24 100 124 ? Unit selling price $250 $250 $250 I Required: Determine the cost of goods sold (COGS) for each sale and the ending inventory after each sale. Determine the total cost of goods sold for the month of September 2021. Show all your workings clearly

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