Question: solve it solve it please ACCT 101 Chapter 6 FIFO, LIFO, MW/A, Specific Identification Practice Question ABC Company has the following inventory and purchases during

solve it

solve it solve it please ACCT 101 Chapter 6 FIFO, LIFO, MW/A,

solve it please

ACCT 101 Chapter 6 FIFO, LIFO, MW/A, Specific Identification Practice Question ABC Company has the following inventory and purchases during the fiscal year ended December 31, 2020: Beginning inventory Jan 10 July 21 Oct 5 Dec 15 Feb 28 Oct 31 ABC Company has two sales during the period. The specific units sold are the entire begin inventory, 20 units from the Jan 10 purchase, and 15 units from the Oct 5 purchase. The u have a selling price of $75.00 per unit. REQUIRED: 50 units 40 units 10 units 20 units 30 units $11/unit 10/unit 12/unit 13/unit 14/unit 55 units 30 units 1. Calculate cost of goods available for sale and units available for sale (5 marks). (c) LIFO Method 2. Calculate units remaining in ending inventory (2 mark). 3. Assuming a PERPETUAL SYSTEM, calculate the dollar value of ending inventory usi following methods (20 marks). (a) FIFO method (b) Moving Weighted Averag (d) Specific Identification Metho

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