U3 Activity 3 Assignment (2) (Protected View) - Word (Unlicensed Product) Oliver Walker File Home Insert Design Layout References Mailings Review View Help Tell me what you want to do Share i PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X NOTICE Most features are disabled because your Office product is inactive. To use for free, sign in and use the Web version. Activate Use free at Office.com U3 Activity 3 Assignment Wojcik Company uses the perpetual inventory system. The following information is available for the month of May: Date Purchases Sales Units Cost Units Price Beginning 30 $ 8 inventory May 10 10 $12 May 15 10 May 18 15 $14 May 21 15 $20 May 30 10 $15 Instructions a. Calculate the cost of goods sold and ending inventory using the FIFO method of inventory valuation. b. Calculate the cost of goods sold and ending inventory using the LIFO method of inventory valuation. c. Calculate the cost of goods sold and ending inventory using the Average Cost method of inventory valuation. d. Record the journal entries for the May 10, 18 and 30 purchases and the May 15 and 21 sales using the Average Cost method. Page 1 of 1 131 words - + 100% Type here to search w 4.C Mostly cloudy ~ () ENG 7:20 PM 2022-03-23DEL Activity 3: Perpetual Inventory - | X DEL Assignments - Ms. Kolkman EL E x + Oliver Walker UBA2 - Google Sh x 4 Unit 3 - Google Drive * + Oliver Walker UBA3 - Google Sh X + Oliver Walker U2A6 - Updated - x Homework Help - Q&A from Or x + V X C A docs.google.com/spreadsheets/d/1_A_zdjFJG615X5N1CDVUymV_mhk2GmY415mqVGyafko/edit#gid=667205955 M Gmail Fortnite Tracker - F... D21 Homepage - Renfre.. War Legend System TRIOS CASH CUP in... FNCS $19 QUALIFIED.. ( Rematch Course Hero Course Hero ITF International Tennis.. Oliver Walker U3A3 * NO G Share File Edit View Insert Format Data Tools Extensions Help Last edit was 2 minutes ago 100% * $ % .0 .00 123- Arial 10 A 31 H10 . fX A B D E G H K L M N 0 P Q R General Journal Page Date Particulars Debit Credit 10-May Inventory $120 Bank $120 To record the initial inventory balance 15-May Bank $200 Sales $200 Cost of Goods 15-May Sold $90 10 Inventory $90 + 12 18-May Inventory $210 13 Bank $210 14 15 21-May Bank $300 16 Sales $300 17 18 Cost of Goods 21-May Sold $160 19 Inventory $160 20 21 30-May Inventory $150 22 Bank $150 23 24 25 26 27 28 30 + Wojcik Company FIFO General Journal LIFO Average + 4 U3 Activity 3 Assi.docx w= Inventory Error E...docx = Oliver Walker U2A...xIsx ~ Show all X Type here to search O W 4'C Mostly cloudy ~ () ENG 7:21 PM Eli 2022-03-23