Question: Periodic Inventory by Three Methods The beginning inventory for Dunne.com and data on purchases and sales for a three month period are as follows: Date

 Periodic Inventory by Three Methods The beginning inventory for Dunne.com and
data on purchases and sales for a three month period are as

Periodic Inventory by Three Methods The beginning inventory for Dunne.com and data on purchases and sales for a three month period are as follows: Date Transaction Number of Units Per Unit Total Apr. Inventory 25 $1,200 $30,000 93,000 Purchase 75 1,240 11 Sale 2.000 80.000 30 Sale 30 2.000 Mayo Purchase 60 1.260 10 Sale 50 19 Sale 20 2,000 2,000 1.260 60,000 75,600 100,000 40.000 100,000 90,000 56,250 20 Purchase 10 Sale June 5 16 2.250 2.250 Sale 25 35 21 Purchase 20 Sale 1,264 2.250 44,240 99,000 Required: 1. Determine the inventory on June 30 and the cost of goods sold for the three month period, using the first on inst-out method and the periodic inventory system 1. Determine the mentary on June 10 and the cost of poods sold for the three month period, ang the root mathod and the peclodic inventory yum Inventory, June 30 Cost of goods sold 2. Determine the inventory on June 30 and the cost of poadu sold for the three-month period, wing the instantiated and the periode ventory system Inventory Sina 30 Cost of goods sold 3. Determine the inventory an June 30 and the cost of good old for the three month period, owing the weighted average cost method and the periodic Inventory v tom, Note Round the weighted average unit cost to the nearest dolor and nanowers to the nearest dollar Inventory, June 30 Cost of goods sold 4. Compare the gross profit and June 30 inventories using the following column Headings for those bases in which you must entertracted or negative numbers a mission FIFO LIFO Weighted Average Cost of goods sold Gross profit Inventory, June 30

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