Katelyn is the Purchasing Manager at Polo Industries, Inc. She asked you to help her detemine what the Ending 8alance for Inventory and the Cost of Goods Sold total would be using the three (3) valuation methods: (a) LIFO (last in first out), (b) FIFO (first in first out), and Weighted Average. The purchase information is below: Inventory Purchase Saturday, June 6, 2020 Sunday, June 14, 2020 Thursday, June 18, 2020 Tuesday, June 30, 2020 Items Cost per Item 24 2$ 2$ 107 85.10 158 79.50 87 95.00 93 $ 92.40 445 Katelyn told you that 300 items were sold and 145 remained in inventory. (a) Calculate the valuations using LIFO (2 answers required). Round to the nearest 2 decimal places.

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You are accountant for New Horizon Merchandising Company.  New Horizon Merchandising Company buys and sells a product called Zoom.  Company uses Perpetual Inventory System with LIFO method for inventory valuation. New Horizon uses Net Method for accounting for its purchases and sales.   On January 1, 2019, New Horizon’s merchandise inventory on hand consisted of the following:   Zoom: Quantity Cost per Unit 1st Purchase 200 $4 2nd Purchase 110 $5   45. New Horizon Company purchased 300 units of Zoom at $5.50 each plus $99 sales taxes. Terms were 2/10, n/30, FOB Shipping Point.Shipping cost was $51.Provide the necessary journal entry to record the transaction.     Debit Credit               46. Assume New Horizon paid for the above purchase within discount period. Provide the necessary journal entry to record the transaction.     Debit Credit               47. Assume New Horizon paid for the above purchase after the…

Please see below. I need help making a made up purchase schedule of inventory. Please include parts listed below. Note that these can be made up one but they need to make sense.

UMET's Stores had the following inventory transactions in 2020:                       Transaction             Units          Cost per unit 1/1                 Balance                    50                      $6 2/14               Sale                          25                        5/23              Purchase                  100                     8 8/21              Sale                           50                      11/5              Purchase                   25                     12 11/18            Sale                           95                        Required: Compute tge cost of goods sold and the ending inventory using the periodic inventory system for each of the following cost flow assumptions: a. FIFO b. LIFO c. Weighted average

answer in text form please (without image), Note: .Every entry should have narration please

I→ 3 Tremblay Company began June with 45 units of inventory that cost a total of $900. During June, Tremblay purchased and sold goods as follows: (Click the icon to view the transactions.) Calculate the gross margin amount using the weighted-average method. assuming Tremblay uses a periodic inventory system. Jave Before we can calculate gross margin, we must first determine the cost of goods sold, using the periodic method of costing inventory. Start by determining the formula, and then enter the amounts. (Round your answers to the nearest whole dollar.) Cost of goods available for sale Less: Cost of goods sold More info June 8 Purchase: 65 units at $14.00 June 14 June 22 Sale: 55 units at $32 Purchase: 48 units at $16.00 June 27 Sale: 65 units at $37.00 - X

Katelyn is the Purchasing Manager at Polo Industries, Inc. She asked you to help her determine what the Ending Balance for Inventory and the Cost of Goods Sold total would be using the three (3) valuation methods: (a) LIFO (last in first out), (b) FIFO (first in first out), and Weighted Average. The purchase information is below: O-Matic Inventory Purchase Saturday, June 6, 2020 Sunday, June 14, 2020 Thursday, June 18, 2020 Tuesday, June 30, 2020 Items Cost per Item 107 85.10 158 79.50 87 %24 95.00 24 93 445 92.40 Katelyn told you that 300 items were sold and 145 remained in inventory. (c) Calculate the valuations using Weighted Average (2 answers required). Round to the nearest 2 decimal places. HTML Editor B IUA-囚、1三三=E x I 12pt Paragraph

You have the following information for Bramble Inc. for the month ended June 30, 2022. Bramble uses a periodic inventory system. Date   Description   Quantity   Unit Cost orSelling Price June   1   Beginning inventory   40     $31   June   4   Purchase   135     34   June   10   Sale   110     61   June   11   Sale return   15     61   June   18   Purchase   55     37   June   18   Purchase return   10     37   June   25   Sale   65     67   June   28   Purchase   35     41

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