2) If the Aloha Co. had chosen the Periodic System instead, what would the cost on the Balance sheet have been? Jan 1 Be

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2 If The Aloha Co Had Chosen The Periodic System Instead What Would The Cost On The Balance Sheet Have Been Jan 1 Be 1 (33.15 KiB) Viewed 50 times

2) If the Aloha Co. had chosen the Periodic System instead, what would the cost on the Balance sheet have been? Jan 1 Beg. Inventory 4,000 units at $20/unit Jan 12 Purchase 6,000 units at $24/unit Jan 25 Purchase 3,000 units at $25/unit Ending Inventory = 6,000 units a) What is the cost of the ending inventory on the Balance Sheet and the Cost of Merchandise Sold on the Income Statement if the company is using the FIFO Inventory System? Merchandise Inventory = CMS= b) What is the cost of the ending Inventory on the Balance Sheet and the Cost of Merchandise Sold on the Income Statement if the company is using the LIFO Inventory System? Merchandise Inventory = CMS What is the cost of the ending inventory on the Balance Sheet and the Cost of Merchandise Sold on the Income Statement if the company is using the Weighted-Average Inventory System? Merchandise Inventory = CMS=