Intructions: (a) (b) and #2

Ch6-PaperAssignment (Protected View) - Word (Unlicensed Product) Review View Help Tell me what you want to do ut References Malings Chapter 6 Inventories Points:_ _15 1. Washington Bottom Company reports the following for the month of June Washington Bottom Company uses a periodic inventory system Unit Cost $5 Units June 1 Inventory 300 12 Purchase 450 23 Purchase 750 30 Inventory 180 Total Cost $1.500 2,700 6,000 Instructions (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. (b) Compute the cost of the ending inventory and the cost of goods sold using the average-cost method 2. This information is available for Eaton's Photo Corporation for 2017 and 2018 2017 2018 Beginning inventory $ 200,000 $300,000 Ending inventory 300,000 380.000 Cost of goods sold 1,150,000 1,330,000 Sales revenue 1,600,000 1,900,000 Instructions Calculate inventory turnover, days in inventory, and gross profit rate for Eaton's Photo Corporation for 2017 and 2018 O Le