using the periodic inventory

Beginning. Feb. 10 Aug. 21. Problem 6-2A Alternative cost flows-perpetual LO2 eXcel CHECK FIGURES: 1. Ending inventory; a. $35,750; b. $35,107.80; 2. Ending inventory = $35,395.00 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. ******** 640 units 350 units 230 units Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit. Mar. 15 Sept. 10...... Mar. 15: I in situations (a) to (e) are recorded correctly. Sept. 10: analysis in Part 1. Assume all items that are Sales 230 200 225 40 70 b. Moving weighted average c. Specific identification @ Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using. @ a. FIFO b. Moving weighted average. Round to two decimal places. 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assum- ing the sales were specifically identified as follows: 430 units 335 units $75/unit $72/unit $85/unit units from beginning inventory units from the February 10 purchase units from beginning inventory units from the February 10 purchase units from the August 21 purchase 3. Using information from your answers in Parts 1 and 2, journalize the credit purchase on February 10 and the credit sale on September 10 for each of a. FIFO