SwimMart, a retail store specializing in beach apparel, has the following information related to purchases and sales of one of its more popular products, Sanuk sandals. Calculate Cost of Good Sold (COGS) and ending inventory as directed below:

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Date Description Oct 1 Bog. Inventory Oct. 3 Purchase 1 Sale l Purchase 2 Oct. 8 Purchase 3 SERAF Sale 2 Units Purch Purchase P Units S Sale Price $16 $18 250 600 650 350 2 $19 $19 OGS according to the weighted average method is: 1. a. Calculate COCS using the weighted average method of inventory valuation. HINT: Start with goods available for sale Use the grey space below as a worksheet to show your work and then calculate your answer in th Beginning Inventory (S) Beginning Inventory (units). Purchased Inventory (3) Purchased Inventory (units) Goods Available for Sale (3) Goods Available for Sale (units) coes according to the FIFO method is: 750 $45 850 $47 1. b. Calculate COGS using the FIFO method of inventory valuation. Use the grey space below as a worksheet to show your work and then calculate your answer in the space provided 2. a Prepare the Cost of Goods Sold journal entry for Prepare the Cost of Goods Sold journal entry for 2. c. Prepare the Sales Revenue journal entry. (All sa Date Description Oct 1 Bog. Inventory Oct. 3 Purchase 1 Sale l Purchase 2 Oct. 8 Purchase 3 SERAF Sale 2 Units Purch Purchase P Units S Sale Price $16 $18 250 600 650 350 2 $19 $19 OGS according to the weighted average method is: 1. a. Calculate COCS using the weighted average method of inventory valuation. HINT: Start with goods available for sale Use the grey space below as a worksheet to show your work and then calculate your answer in th Beginning Inventory (S) Beginning Inventory (units). Purchased Inventory (3) Purchased Inventory (units) Goods Available for Sale (3) Goods Available for Sale (units) coes according to the FIFO method is: 750 $45 850 $47 1. b. Calculate COGS using the FIFO method of inventory valuation. Use the grey space below as a worksheet to show your work and then calculate your answer in the space provided 2. a Prepare the Cost of Goods Sold journal entry for Prepare the Cost of Goods Sold journal entry for 2. c. Prepare the Sales Revenue journal entry. (All sa

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1a Beginning inventory 250164000 Beginning inventory units 250 purchase 60018650193501929800 pur... View the full answer