Question: Exercise 5 - 5 A ( Algo ) Perpetual: Inventory costing LO P 3 Complete this question by entering your answers in the tabs below.
Exercise A Algo Perpetual: Inventory costing LO P Complete this question by entering your answers in the tabs below.
Weighted
Average
FIFO
Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
Note: Round cost per unit to decimal places. tabletableDateJanuary Goods Purchased,Cost of Goods Sold,Inventory Balancetable# ofunitstableCost perunittable# of unitssoldtableCost perunittableCost of GoodsSold# of units,tableCost perunitInventory Balance@$$January January January January Totals
Assume the perpetual inventory system is used.
Required:
Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
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