Answered You can hire a professional tutor to get the answer.
Shown below is activity for one of the products of Weasel: January 1 balance, 220 units at $50 for a total of $11,000 Purchases: January 10-200 units...
Shown below is activity for one of the products of Weasel:
January 1 balance, 220 units at $50 for a total of $11,000
Purchases: January 10-200 units at $42
January 20-500 units at $55
Sales: January 12-350 units
January 28-425 units
a. Compute the ending inventory and cost of goods sold assuming Weasel uses FIFO.
b. Compute the ending inventory and cost of goods sold assuming Weasel uses LIFO and perpetual inventory system.
c. Compute the ending inventory and cost of goods sold assuming Weasel uses average cost and a perpetual inventory system.
d. Compute the ending inventory and cost of goods sold assuming Weasel uses LIFO and a periodic inventory system.
e. Compute the ending inventory and costs of goods sold assuming Weasel uses average cost and periodic inventory system.
Please Show all your Work
