Question: table [ [ Date , Activities,Units Acquired at Cost,Units sold at Retail ] , [ January 1 , Beginning inventory, 2 4 0 units,@
tableDateActivities,Units Acquired at Cost,Units sold at RetailJanuary Beginning inventory, units,@$ $ atetait,January Sales,,,,, units,@$January Purchase, units,@$ January Sales,,,,, units,@$January Purchase, units,@$ Totals, units,,,$ units,,,
Assume the perpetual inventory system is used.
Required:
Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
Complete this question by entering your answers in the tabs below.
tabletableSpecificIdentificationtableWeightedAverageFIFO,LIFO
Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
tablePurchase Date,Specific IdentificationAvailable for Sale,Cost of Goods Sold,Ending InventoryActivity# of units,Cost Per Unit,# of units sold,Cost Per Unit,tableCost ofGoodsSoldEnding InventoryUnits,Cost Per Unit,Ending InventoryCostJanuary Beginning inventory,$ January Purchase,$ mJanuary Purchase,$ $
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