Required Information Use The Following Information For The Exercises 11 13 Below Algo The Following Information Ap 1 (40 KiB) Viewed 49 times
Required Information Use The Following Information For The Exercises 11 13 Below Algo The Following Information Ap 2 (15.37 KiB) Viewed 49 times
Required Information Use The Following Information For The Exercises 11 13 Below Algo The Following Information Ap 3 (18.31 KiB) Viewed 49 times
Required Information Use The Following Information For The Exercises 11 13 Below Algo The Following Information Ap 4 (15.91 KiB) Viewed 49 times
! Required information Use the following information for the Exercises 11-13 below. (Algo) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost 230 units @ $2 - $460 Units Sold at Retail Jan. 1 Beginning inventory Jan. 3 Sales 138 units 58 Feb.14 Purchase 372 units @ $3-$1,116 Feb. 15 Sales 250 units @ $8 June 30 Purchase. 280 units $4 $1,120 Nov. 6 Sales 220 units $8 Nov.19 Purchase 96 units $5 - $ 480 978 units $3,176 Totals 608 units Exercise 5-11 (Algo) Periodic: Inventory costing methods-FIFO and LIFO LO P1 Required: The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross profit for each method.
Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Cost of Periodic Inventory System Ending Inventory Goods Sold FIFO < Required A Required B >
Complete this question by entering your answers in the tabs below. Required A Requirid B Required C Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Cost of Periodic Inventory System Ending Inventory Goods Sold LIFO
Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the gross profit for each method.. FIFO LIFO $ 0 $ 0
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