Question: Please answer the following: #1 - March 31, ending inventory dollar value under FIFO - Perpetual System #2 - March 31, ending inventory dollar value
#1 - March 31, ending inventory dollar value under FIFO - Perpetual System
#2 - March 31, ending inventory dollar value under weighted average - Perpetual System
#3 - March 31, ending inventory dollar value under weighted average - Periodic System
Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item: 1 All calculations should be rounded to 2 decimal places. For example: $500/3=166.6667 Rounded to The above should be manually entered in your calculations as 166.67, rather than keeping the formula built within your cells. 1) FIFO: Perpetual System a)Calculate the cost of the March 11 items sold b)Calculate the cost of the March 29 items sold c)Calculate total cost of goods sold d)Calculate ending inventory 2) Weighted-average - Perpetual System a)Calculate the average cost per unit of the March 11 items sold b)Calculate the cost of the March 11 items: c)Calculate the average cost per unit of the March 29 items sold d)Calculate the cost of the March 29 items sold e)Calculate total cost of goods sold f)Calculate ending inventory 3) Weighted-average - Periodic System with an ending inventory of 50 units. a)Calculate total cost of goods sold b)Calculate ending inventory
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