Question: only answer for question 6 is required Inventory data for April for HW-4 to HW-6 below: Apr. 1 Beginning inventory = 50 units @ $70
Inventory data for April for HW-4 to HW-6 below: Apr. 1 Beginning inventory = 50 units @ $70 Apr. 5 Purchased 40 units @ $85 each. Apr. 16 Purchased 35 units @ $84 each. Apr. 28 Purchased 45 units @ $96 each The inventory count on April 30 consisted of 70 units physically on hand. HW-4: A. Use the above data to compute the cost of ending inventory issuming a Weighted Average cost-flow assumption. B. Next, compute the cost of goods sold. HW-5: Repeat the requirements in EP-4 but assuming a FIFO cost-flow assumption. HW-6: Repeat the requirements in EP-4 but assuming Specific identification method and that the ending inventory actually consisted of: 20 of the $96-dollar units, 32 of the $84-dollar units, and 18 of the $70-dollar units
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