Your answers in the tabs below required 1 fifo

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your answers in the tabs below. Required 1 FIFO Required 1 TE Required 1 Gross Profit Required 2 Required 3 Date Cost per unit sold The CEO has asked you to help her decide whether to use UFO or FIFO for inventory costing. Compute the gross profit earned by the company for Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance W of of units Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance March 1 100 @ $ 50.00 100 @ 5 50.00 = $ 5,000.00 March 5 400 s 55.00 100 @ S 5000 = $
5.000.00 55.00 = 22,000.00 S 27,000.00 March 9 100 @ S 50.00 - $ 5,000.00 50.00 320 @ $ 55,00 17,60000 301 5500 4,400.00 $ 22,600.00 4.400.00 4001S March 18 120 S 60.00 50.00 55 00 4.400 00 5000 7200.00 $ 11 600 00 $ 27,000.00 March 9 $ 0 100 320 @ @ $ $ 50.00 55.00 = = 5.000.00 17,500.00 22,600 00 $ $ 50.00 55.00 80 @ = $ 4,400.00 4,400.00 March 18 120 @ $ 60.00 50 00 55.00 = 60.00 = 4,400 00 7,200.00 11,600.00 $ March 25 50.00 55.00 = 60.00 = 62.00 = 4,400.00 7,200.00 12.400.00 24,000.00 200 e $ = = 50.00 55.00 60 00 62.00 4,400.00 4,800.00 992000 19.120 00 50.00 55.00 6000 = 6200 - 40 @ 2001 @ = 2.400.00 12 40000 14000 DO $ $ 41,720.00 14 800 00 Required 1 LIFO > Perpetual LIFO: Goods Purchased rol Cost of Goods Sold Cost perc es Cost per Cost of Goods Sold Cast per una #of units sold of units March 1 @ 100 400 $ $ 50.00 55.00 Inventory Balance Cost per unit inventory Balance 5 50.00 - $ 5,000.00 5 50.00 - $ 5,000.00 $ 55.00 22,000.00 27,000.00 100 @ 100 @ 400 @ March 5 March 9 $ 100 5 4,000.00 $ $ 50.00 5500 1.000.00 22,000.00 23,000.00 50,00 - 5500 400 $ 00 000 March 18 S 00 09 $ 4,000.00 50.00 - 55.00 60.00 1201 $ 7,200.00 11,200.00 S 200 @ 6200 80els 4,000.00 50.00 55.00 60.00 - 62,00 1201 @ 200 @ S $ 7,200.00 12.400.00 23.600.00 5 $ 801 S $ 4,000.00 0 50.00 55. 00 6000 $200 0.00 .00 0 00 9,920 001 9.920 00 50.00 = 5500

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