The following are the transactions for the month of July Unit July 1 Beginning Inventory July...

 

 

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The following are the transactions for the month of July Unit July 1 Beginning Inventory July 13 Purchase July 25 Sold Units Unit Cost Selling Price 50 250 (100) $10 13 $15 July 31 Ending Inventory 200 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gr profit, under (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) (a)FIFO EIFO (Periodic) Cost per Unit Units Total Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory EIEO (Periodic) Sales Cost of Goods Sold Gross Profit (b)LIFO (b) LIFO LIFO (Periodic) Cost per Units Total Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit (c)Weighted Average Cost Weighted Average (Perlodic) Cost per Unit Units Total Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit Srarrn th The following are the transactions for the month of July Unit July 1 Beginning Inventory July 13 Purchase July 25 Sold Units Unit Cost Selling Price 50 250 (100) $10 13 $15 July 31 Ending Inventory 200 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gr profit, under (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) (a)FIFO EIFO (Periodic) Cost per Unit Units Total Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory EIEO (Periodic) Sales Cost of Goods Sold Gross Profit (b)LIFO (b) LIFO LIFO (Periodic) Cost per Units Total Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit (c)Weighted Average Cost Weighted Average (Perlodic) Cost per Unit Units Total Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit Srarrn th

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Ans 1 FIFO Units CostUnit Total Cost Beigning Inventor... View the full answer