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esign Layout References Mailings Review View Tell me 5 12 21 Aabend AaBb CD v AA Aa As RA > Normal No Spacing Styles Pane e. Both a and d are true Problem (32 points) Plum Company uses a PERIODIC inventory system. Plum had the following inventory purchases and sales during 2022 2022 Beginning Inventory (bought in 2021) SO units $80 per unit Purchases: Purchase 1 on 2/10/22 Purchase 2 on 8/7/22 140 units $96 per unit 60 units @ $100 per unit Sales: Sale 1 on 3/4/22 Salc 2 on 9/5/22 80 units @ $220 per unit 130 units @ $220 per unit of the units sold on 3/4/22, 50 units were from the beginning inventory and 30 units were from the 2/10/22 purchase The 9/5/22 sale included 90 units from the 2/10/22 purchase and 40 units from the 8/7/22 purchase Show how Plum's Balance Sheet and Income Statement would look under each of the inventory cost flow assumptions. Compute Ending Inventory, Sales, COGS, and Gross Profit under Specific Identification, Weighted Average Cost, FIFO and LIFO. Fill in your answers on the table below. SHOW YOUR WORK. Round per unit cost to the nearest cent rds UX English (United States) Focus 14 ety A 3 gos DOO F2 DOO 14 13 # 3 * $ 4 % 5 & 7 6 8 8 9 Edit OFF View Insert Format Tools Table Window Help A SUO Lab 5 winter 2022 - Compatibility Mode Design Layout References Mallings Review View Tell me Draw 5 New... 12 v AA Aa E ABCDE Aalled 1 x x 2A Normal No Spacing Styles Pane Purchases Purchase 1 on 2/10/22 Purchase 2 on 8/7/22 140 units 596 per unit 60) units @ $100 per unit Sales Sale 1 on 3/4722 Sale 2 on 9/5/22 80 units @ $220 per unit 130 units @ $220 per unit Of the units sold on 122,50 units were from the beginning inventory and 30 units were from the 2/10/22 purchase. The 9/5/22 sale included 90 units from the 2/10/22 purchase and 40 units from the 8/7/22 purchase Show how Plum's Balance Sheet and Income Statement would look under each of the inventory cost flow assumptions. Comple Ending Inventory, Sales, COGS, and Gross Profil under Specifie Identification, Weighted Average Cost, FIFO and LIFO. Fill in your answers on the table below. SHOW YOUR WORK. Round per unir cost to the nearest cent Specific Identification Weighted Average FIFO LIFO 12/31/22 Balance Sheet Inventory 2022 Income Statement Sales Cost of Goods Sold Gross Profit 3034 words English (United States) Focus 14 tv *** 90 DOO 08 A 3 $ 4 % 5 6 & 7 8 9 374 v Share ew Insert Format Tools Table Window Help Lab 5 winter 2022 - Compatibility Mode esign Layout References Mailings Review View Tell me 12 VAA Aa A. 21 AalbCode Anisbade e X X 2 Nome Nos CLINIS SCHOOLS The 9/5/22 sale included 90 units from the 2/10/22 purchase and 40 units from the 8/7/22 purchase Styles Pane Dictate Show how Plum's Balance Sheef and Income Statement would look under each of the inventory cost flow assumptions Compute Ending Inventory, Sales, COGS, and Gross Profir under Specific Identification, Weighted Average Cost, FIFO and LIFO. Fall in your answers on the table below. SHOW YOUR WORK. Round per unit cost to the nearest cent Specific Identification Weighted Average FIFO LIFO 12/31/22 Balance Sheet Inventory 2022 Income Statement Sales Cost of Goods Sold Gross Profit 1 sk English (United States) Focus 14 . etv 80 OOO COD F4 18 # * # 3 $ 4 % 5 & 7 6 8 9 0