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PERPETUAL INVENTORY SECTION 60 Points Calculations must be clearly shown to justify the...

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Accounting

PERPETUAL INVENTORY SECTION
60 Points
Calculations must be clearly shown to justify the answers
Q#2. By using the average price and the spreadsheet below, track the purchases and sales of absolute vodka for the month of April [30 Points]
\table[[Date1,Purchased,Issued/Sold,Balance,Unit Cost,,Per. Cost,Per. Bal],[12,,,15,S,20.00,,,],[28,9,,,3,25.00,,,],[12,,5,,,,,],[15,,9,,,,,],[20,25,,,S,26.00,,,],[24,,13,,,,,],[28,6,2,,,,,],[30,6,,,S,23.00,,,]]Q#2b By using the "First in First out" (FIFO)method and the spreadsheet below, track the purchases and sales of absolute vodka for the month of April [30 Points]
\table[[Date,Purchased,Issued/Sold,Balance,Unit ?Cost,Ave. cost,Per. Cost,Per. Bal],[1,,,15,$,20.00,,,],[2,9,,,\table[[$,25.00]],,,],[8,,5,,,,,],[12,,9,,,,,],[15,25,,,,,,],[20,,18,,,,,],[24,,2,,,,,],[28,6,,,\table[[S,28.00]],,,],[30,,15,,,,,]]
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