Subject - account Please help me. Thankyou. Ferris Company began 2013 with 6.000 units of its principal product. The cost of each unit is $8. Merchandisetransactions for the month of January 2013 are as follows:Date of PurchaseJan. 10Jan. 18TotalsUnits5,0006,00011,000"Includes purchase price and cost of breight.PurchasesUnit Cost"$910Total Cost$ 45,00060,000$105,000 Date of SaleJan. 5Jan. 12Jan. 20TotalSalesUnits3,0002,0004,0009,0008.000 units were on hand at the end of the month.Required:Calculate January's ending inventory and cost of goods sold for the month using each of the followingalternatives:1. FIFO, periodic system2. LIFO, periodic system3. LIFO, perpetual system4. Average cost, periodic system5. Average cost, perpetual systempation for the quarter ended March 31

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Ferris Company began 2013 with 6.000 units of its principal product. The cost of each unit is 58. Me transactions for the month of January 2013 are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 "Includes purchase price and cost of freight. Purchases Unit Cost $9 10 Total Cost $ 45,000 60,000 $105,000

Ferris Company began 2013 with 6.000 units of its principal product. The cost of each unit is 58. Me transactions for the month of January 2013 are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 "Includes purchase price and cost of freight. Purchases Unit Cost $9 10 Total Cost $ 45,000 60,000 $105,000

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 15PROB

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