Perpetual Inventory Using FIFOBeginning inventory, purchases, and sales for Item Zeta9 are as follows:Oct. 17 SaleInventory42 units @ $1829 units15Purchase31 units @ $1924 Sale18 unitsAssuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24and (b) the inventory on October 31.a. Cost of goods sold on October 24481 xb. Inventory on October 31494Perpetual Inventory Using LIFOBeginning inventory, purchases, and sales for Item 88-HX are as follows:Mar. 1Inventory96 units @ $248Sale77 units15Purchase107 units @ $2827Sale90 unitsAssuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and(b) the inventory on Mar. 31.a. Cost of goods sold on Mar. 271,004 Xb. Inventory on Mar. 31Perpetual Inventory Using Weighted AverageBeginning inventory, purchases, and sales for WCS12 are as follows:Oct. 1Inventory310 units at $1413Sale170 units22Purchase360 units at $1629Sale400 unitsa. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after theOctober 22 purchase. Round your answer to two decimal places.19.30 x per unitb. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Roundyour "average unit cost" to two decimal places.6,400 xc. 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.1,600 x2S PhotoGrid

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Description: Perpetual Inventory Using FIFOBeginning inventory, purchases, and sales for Item Zeta9 are as follows:Oct. 17 SaleInventory42 units @ $1829 units15Purchase31 units @ $1924 Sale18 unitsAssuming a perpetual inventory system and using the first-in, fir

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Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 7 Sale 42 units @ $18 29 units 15 Purchase 31 units @ $19 24 Sale 18 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 481 x b. Inventory on October 31 494

Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 7 Sale 42 units @ $18 29 units 15 Purchase 31 units @ $19 24 Sale 18 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 481 x b. Inventory on October 31 494

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 6.2BE: Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as...

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