Assume that Dunk Coffee Shop completed the following periodic invent.docx

  • Abi Abi College
  • ACCT MISC
  • cranejabez
  • 3
  • 100% (3) 3 out of 3 people found this document helpful

This preview shows page 2 - 3 out of 3 pages.

Assume that Dunk Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: LOADING...(Click the icon to view the transactions.) Requirements 1. Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFOinventory costing method. 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFOinventory costing method. 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costing

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture