use cell inputs!!

Saved Homework Assignment #2 Better Bottles, Inc. uses a periodic inventory system and has provided its January Inventory account activity. The Controller has asked you to calculate the Ending Inventory and Cost of Goods Sold values using periodic FIFO, LIFO, and Weighted Average Cost methods. Use the Information Included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell. --C6 was entered the formula would output the result from cell C6, or 30.00 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add). - (minus sign to subtract). * (asterisk sign to multiply), and/ (forward slash to divide). From the Excel Simulation below, if in a blank cell C5 C6" was entered the formula would add the values from those cells and output the result, or 52.00 in this example. If using the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below. If in a blank cell -SUM(B4,85,86)" was entered the formula would output the result of adding those three separate cells, or 80 in this example. Similarly, if in a blank cell" SUM(B4:36)" was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formule, and the result would be 80 in this example, 7 Inventory costing methods - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign in Calibri Paste % Alignment Number Conditional Format Com Formatting Table Styles Style Cells BIU- Editing Excel Homework Assignment #2 Saved MOVIE INSERI PAGE LATOUI HORMULAS URIA MEVIEW VIEW X ca bn. HAN Paste BIU- - %6 Alignment Number Conditional Formatas Cell Formatting Table Styles Styles Calls Editing Clipboard Font 18 C37 ! X f E inces A B D Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2. 3 Description of Units Cost per Unit Total Cost 4 Beginning Inventory 20 S 20.00 $ 400.00 5 Jan. 15 Purchase 27 22.00 594.00 6 Jan. 20 Purchase 33 30.00 990.00 7 Goods Available for Sale 801 s 1.984,00 8 Less January Sales 361 9 Ending Inventory 44 10 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory 16 Description of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 33 $ 300015 990.00 18 Jan. 15 Purchase 10 12.00 242.00 19 14 $ 1.232.00 20 21 FIFO Cost of Goods Sold 32 Description of Units Cost per Unit Total Cost 23. Beginning Inventory 2015 20.00 S 400.00 Sheett HEADY Attempts) 2/3 100 Hint MacBook Air Seved mework Assignment #2 INDEKI HOME PAGE LAYUNI FORMULAS LAIA KEVIEW VIEW 4X Calibri % Cells Editing Paste BIU A. Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C37 X E B D 19 44 $ 1.232.00 20 21 FIFO Cost of Goods Sold 22 Description #of Units Cost per Unit Total Cost 23 Beginning Inventory 20 S 20.00 $ 400.00 24 Jan. 15 Purchase 22.00 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 29 LIFO Ending Inventory 30 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 20 32 Jan. 15 Purchase 33 44 34 LIFO Cost of Goods Sold 36 Description # of Units Cost per Unit Total Cost 37 Jan. 20 Purchase 33 38 Jan. 15 Purchase 39 36 40 413) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. Sheet1 READY Attempto) 2/3 MacBook Air Seved zwork Assignment #2 FORMULAS LATA REVIEW All LATUUT VIEW HUME INDEKI * Calbi - 11 % -AA Cells Editing Paste BIU- A. Alignment Number Conditional Format as Cell Formatting Table Styles Styles Font Clipboard C37 VE X E B D 35 LIFO Cost of Goods Sold 36 Description # of Units Cost per Unit Total Cost 37 Jan. 20 Purchase 33 38 Jan. 15 Purchase 39 36 40 41 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 42 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold. 44 45 46 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale per unit 48 49 50 Weighted Average Ending Inventory #of Units Cost per Unit Total Cost 51 52 Weighted Average Cost of Goods Sold 53 of Units Cost per Unit Total Cost 54 55 564) Use the given information and your calculated numbers to complete the cost of Goods Sold 57 Equation below for all three inventory methods. All numbers should be positive.) 55 FIFO LIFO Wid. Av Sheeti READY TE Attemptio) 2/3 100% MacBook Air Calibri aste Calls BIU % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Editing Clipboard Font 337 X E B D 5 Weighted Cost of Goods Available for Sale 6 Average Cost = Number of Units Available for Sale 37 8 Weighted Average Ending Inventory 49 of Units Cost per Unit Total Cost 50 51 52 Weighted Average Cost of Goods Sold 53 #of Units Cost per Unit Total Cost 54 SS 56 4) Use the given information and your calculated numbers to complete the cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory s 400.00 60 Add: Purchases 1.584.00 61 Goods Available for Sale 1.984.00 62 Less: Ending Inventory 63 Cost of Goods Sold 64 65 66 67 Sheet1 READY Attempt(s) Elt 2/3 MacBook Air