Question: using perpetual method pls 1 Task 2: Fatima's Greeting Cards carries a brand of card that has proven to be very popular. Fatima uses a
using perpetual method pls
1 Task 2: Fatima's Greeting Cards carries a brand of card that has proven to be very popular. Fatima uses a perpetual inventory system. All purchases and sales are made on account. The following are the purchases and sales for this product for the month of October. Given the following information: 5 b First In First Out Purchases Units Cost 3 $5 Sales Units Price B Date Purchases Sales Ending Balance 1 1 $8 Date Beginning Inventory Oct 2 Oct. 9 Oct. 12 Oct 25 Oct 30 8 9 10 11 12 $6 5 4 S8 $9 5 $7 13 14 15 16 17 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 1B 19 Cost Of Goods Sold Ending Inventory 20 21 22 Last In First Out 23 Date Purchases Sales Ending Balance 20 25 28 27 21 29 23 21 22 22 Marke Breakdown Task 2 - FIFO Invertory Card Correct and accurate Task 2 - FIFO COGS Correct and Total Accurate Task 2.- FIFO Ending Inventory Correct and Total Accurate Task 2 - FIFO Invertory Card Correct and accurate Task 2 - FIFO COGS Correct and Total Acourste Task 2.- FIFO Ending Inventory Correct and Total Accurate 2 20 25 Cost Of Goods Sold Ending Inventory 28 1 0 27 26 Taak Total Workshee Total C
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