Preparing for a perpetual inventory record for this merchandise, using the first in, first out

(FIFO) method of inventory valuation to determine BAYWEST's cost of goods sold for the

quarter and the value of ending. (21 marks)

(B) Given that selling, distribution and administrative costs associated with the Alcatel brand of

tablets for the quarter were $42,844, $38,120 and $157,076 respectively, Preparing for an income

statement for BAYWEST Stationery & Supplies (Alcatel) for the quarter ended September

30, 2020. (6 marks)

(C) Journalize the transactions for the month of July, assuming the company uses a:

- Periodic inventory system

- Perpetual inventory system (8 marks)

(D) Wheels & Deals Limited uses 60,000 batteries each year in its production of motorcycles at a cost

of $450 per battery. The cost of placing an order is $75.00. The cost of holding one unit of

inventory for one year is 0.5% of the unit purchase price. Currently, Wheels & Deals Limited places

12 orders of 5,000 batteries per year. Compute the cost Wheels & Deals' current inventory policy. Is

this the minimum cost? Explain.