Please full calculation and explanation. ross profit comparisons and cost flow assumptions-perpetual lo2...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Please full calculation and explanation.
ross profit comparisons and cost flow assumptions-perpetual lo2 nvent problem 6-4A nding inventory: a. $q,600.00; b. $10,982.30 the following inventory and purchases during the fiscal year ended December 31,2317 invent K FIGURES: 1. .a Xel CH Gale Compan Beginning inventory280 units Feb. 10 purchased. Feb. 20 sold. Mar. 13 purchased.2 units Sept. 5 purchased... $80/unit 195 units $84/unit 360 units $160/unit 255 units $64/unit . 510 units$160/unit Gale Company employs a perpetual inventory system. Required 1. Calculate the dollar value of ending inventory and cost of goods sold using: a. FIFO b. Moving weighted average. Round all unit costs to two decimal places sing your calculations from Part 1, complete the following schedule
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
