The solution by the last solver was incorrect. All sections of the excel sheet need to be filled out in order to properly complete. The 1.2234 unity cost was deemed incorrect by excel which was done by the first solver. Numbers with decimals at the end such as 27,751,59 were also too long and incorrect.

Wrong solve below this line of text

A proper FIFO Solve is shown below this text.

Required: The beginning inventory and the purchases and sales of inventory for April for the Concord Company are as presented below. Complete the inventory schedule assuming the Weighted Average (WAVG) inventory valuation method is used