Inventory Costing Methods—Perpetual Method  The following information is for the Vista Company; the company sells just one product:     Units Unit Cost Beginning Inventory Jan. 1 200 $10 Purchases: Feb. 11 500 14   May 18 400 17   Oct. 23 100 18 Sales: March 1 400     July 1 380     Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out:     Ending Inventory Answer     Cost of goods sold Answer   B. Last-in, first-out:     Ending Inventory Answer     Cost of goods sold Answer   C. Weighted Average     Ending Inventory Answer     Cost of goods sold Answer

Please do not give solution in image format and show all calculation thanku

es W Required information [The following information applies to the questions displayed below.] (a Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 here to search 2 March 25 March 29 Sales Less: Cost of goods sold Gross profit Gross Margin 13 # Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units, from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. 3 Ri $ FIFO $ 64,210 $ IDI 4 LIFO 99+ 15 % Units Acquired at Cost 250 units. @ $54.00 per unit 300 units @ $59.00 per unit 160 units 300 units 5 1,010 units 64,210 $ @…

Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Beginning Inventory Jan. 1 Purchases: Feb. 11 May 18 Oct. 23 March 1 July 1 Sales: Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first- in, first-out, (b) last-in, first-out, and (c) the weighted- average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $ Cost of goods sold $ B. Last-in, first-out: Ending Inventory $ Cost of goods sold $ Units Unit Cost 200 $10 500 14 400 17 100 18 400 380 C. Weighted Average Ending Inventory $ Cost of goods sold $ 0 0 0 0 0 0

Problem 1 of 2 (note additional problem below): Calculate the cost of goods sold dollar value and the value of ending inventory for En Cee Yo0 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIF0); and (c) weighted average (AVG). You must show your work and calculations--answers that are correct but do not show calculations are graded as a zero grade. Place your answers in the shaded cells. Number of Units Unit Cost 110 $ Beginning inventory, March 1 Purchased inventory, March 8 86 140 $ 90 Sold inventory for $110 per unit, March 11 95 If you use the FIFO method, the dollar value of COGS is → and the dollar value of ending inventory is- If you use the LIFO method, the dollar value of COGS is - and the dollar value of ending inventory is- If you use the Weighted Average method, the dollar value of…

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Effects of Inventory Costing Methods Jefferson Enterprises has the following income statement data available for the year: Sales revenue $737,200 Operating expenses 243,700 Interest expense 39,500 Income tax rate 34% Jefferson uses a perpetual inventory accounting system and the average cost method. Jefferson is considering adopting the FIFO or LIFO method for costing inventory. Jefferson's accountant prepared the following data:   If Average Cost Used If FIFO Used If LIFO Used Ending inventory $65,950   $78,500   $40,100   Cost of goods sold 399,050   386,500   424,900   Required: 1.  Compute income before taxes, income taxes expense, and net income for each of the three inventory costing methods. (Round to the nearest dollar.)   Average Cost FIFO LIFO Income before taxes $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Income tax expense $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Net income $fill in the blank 7 $fill in…

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