Question: ww-Chapter Assignment DO ebook Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta Oct. 1 7 Inventory Sale 74

ww-Chapter Assignment DO ebook Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta Oct. 1 7 Inventory Sale 74 units $25 40 units Purchase 1 units $20 24 Sain 33 units febinprogresse Assuming a perpetual inventory system ant using the first-in, first-out (PPO) method, determine (e)the cost of goods sold on October 24 and () the inventory on October 31, Cost of goods sold on October 24 b. Inventory on October 31 424 X When the FIFO method is uses costs are included in cost of goods sold in the order in which they we purchased Think if your very ayers Demine how much inventory remains hoe each layer at each sa The ending inventory is made up of the most recent purchase Linge 415 PM eBook Show Me How Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 B Inventory Sale 110 units $16 88 units 15 Purchase 122 units $20 27 Sale 102 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jan. 27 and (b) the inventory on Jan. 31. a. Cost of goods sold on Jan. 27 b. Inventory on Jan. 31 6-Pre-Chapter Assignment ALGO ALGO ebook Show Me How Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows Oct. 1 Inventory 300 units at $0 13 Sale 175 units 22 Purchase 375 units at $10 29 Sale 200 units a. Assuming a perpetual inventory system and using the weighted average cost method, determine the weighted average unit cost after the October 23 purchase. Round your answer to two decimal places. per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your average unit cost to two decimal places. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost to two decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!