B prepare the closing trial balance for jwc using

B. Prepare the closing trial balance for JWC using Attachment G below.
(13 pts).
ATTACHMENT G : Closing Trial balance (13 pts). Each balance is worth one
point.
Note : Please, respect the ORDER. I will deduct 3 points for any Trial
balance that does not follow the order irrespective of whether you got
the correct answers or not.
JWC
Closing Trial balance
As of February 29, 2016
Account Name Debit Credit
Totals
Project#2 – Principles of Financial Accounting (BUA 201) – Spring 2017 [Akono] 14

C. Complete the calculations below (3 pts each)
:
1) How many units are in ending inventory? ______440 ________ units
(show your work below)
2) What is the cost per unit of the ending inventory? $___________ per
unit (show your work below)
3) What would be the COGS using the average cost method (Use the
periodic inventory system and please, show your work on the back
of the page)?
4) What would be the COGS the LIFO method (Use the periodic
inventory system and please, show your work on the back of the
page)? ___________
Project#2 – Principles of Financial Accounting (BUA 201) – Spring 2017 [Akono] 15