A company uses a perpetual Inventory system and reports purchases and Complete this question by...
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A company uses a perpetual Inventory system and reports purchases and Complete this question by entering your answers in the tabs below. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Endin 385 are from the May 31 purchase, 5 units from the May 11 purchase, and 25 units from beginning inventory. Complete this question by entering vour answers in the tabs below. Complete the table to determine the cost assigned to sidiwg inventory and cost of goods sold using specific identification. Ending imventory consists of 415 unitz 385 are from the May 31 purchase, 5 units from the May 11 purchase, and 25 units from begining imventary. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimals Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Determine the cost assigned to ending imventory and to cost of goods sold using UFO. Complete this question by entering your answers in the tabs below. Compute gross profit for the month for the four inventory methods. (Round cost per unit to 2 de the nearest whole dollars.)
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