Question: please do question 1-5.show work and write clearly Using the following information answer the first four questions. Balance Sale Purchase Purchase Sale Purchase 9 units
Using the following information answer the first four questions. Balance Sale Purchase Purchase Sale Purchase 9 units at $5 5 units at $9 7 units at $4 5 units at $3 9 units at $9 6 units at $2 1. Using FIFO periodic calculate the Cost of Goods Sold (Show work for Credit) A. $67 B. $61 C. $63 D. $65 2. Using LIFO perpetual calculate the ending inventory (Show work for Credit) A. $49 B. $61 C. $63 D. $44 3. Using LIFO periodic calculate the Cost of Goods Sold (Show work for Credit) A: $41 B. $39 C. $38 D. $44 4. Using the Average Cost calculate the average cost per unit. A. $3.7o B. $6.14 C. $5.44 D. $4.86 5. A fire destroye d a warehouse. Accounting records on that date indicated the following Inventory at the beginning of the year Purchases during the year Sales to date $30 58 80 The gross profit ratio averages 30% of sales. Estimate the cost of inventory destroyed in the fire. Show work for credit A. $25 B. $32 C. $20 D. $36
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