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Saved Tableau DA 5-2: Exercise, Perpetual: Inventory costing methods LO P1 ATV Co. began operations on March 1 and uses a per
tableau 1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using L


un tabs below. Required 1 Required 2 Required 3 Compute the cost assigned to ending Inventory using LIFO. Perpetual LIFO: Dat
Required 1 Required 2 Required 2 Required 3 Compute the cost assigned to ending inventory using Weighted Average. (Round your


Purchase 100 units $50 each
Purchase 400 units $55 each 11 12 13
2 Sales 420 units $85 each 15 16
13 20 Purchase 120 units $60 each 24 25 26 27 Prey
12 13 18 19 20 4 Purchase 200 units $62 each 27 Prey
15 16 22 23 29 W Sales 160 units $95 each 1 of 1 Next
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Answer #1

Solution In the given question, following information is provided: Date Purchase/Sale Units Sold Units Purchased 100 400 MarcFIFO method Ending inventory cost of goods sold $14,800.00 $31,800.00 Required 2: Perpetual LIFO: Goods Purchased # of Cost pRequired 3: Perpetual Weighted Average: Goods Purchased # of Cost per units unit 100 @ $ 50.00 400 @ $ 55.00 Date Cost of Goo

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