Question: help Question 3) (30 points). At December 31, 2019 CROWD Co. has the following inventory information for 2019. Date Beginning Inventory Purchases CROWD Co. Units
Question 3) (30 points). At December 31, 2019 CROWD Co. has the following inventory information for 2019. Date Beginning Inventory Purchases CROWD Co. Units 100 s S Unit 5.25 S Total 525.00 Jan. 3 300 5.30 1.590,00 1 June 20 150 560 840.00 Sept. 15 200 5.NO 1.160.00 150 5.90 885.00 Nov. 29 Goods Available for Sale ? Ending Inventory 350 ? Cost of Goods Sold 2 Required: The company is using periodic inventory method and FIFO. Calculate the following indicated as *?' in the above table: a) Goods available for sale in number of units Value (5 amount) of goods available for sale Ending inventory in number of units Value (5 amount) of ending inventory Cost of good sold in number of units Value ( amount) of COGS (answers without detail computation will not be considered) b) c) d) Question 4. (25 points) RTN purchases a new machine that costs $48.000. The machine has a residual value of 3.000 and estimate useful life of 5 years. Required: Using declining-balance method, calculate the depreciation for the next five years
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