Please only do problem E6-18 Requirement (1)(2) Use the folowing information to answer Exercises...
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Please only do problem E6-18 Requirement (1)(2)
Use the folowing information to answer Exercises E6-16 through E5-18. Golf Unlimited 358 chapter 6 cach purter is S1 19. Company records indicate the following for a particular iri Golf Unlimited's putters d carrics an inventory of putters and other golf clubs. The sales of Unit Cost S 53 Quantity 24 20 30 30 Date Item Nov. 1 Balance 70 Purchase Sale Sale 30 Learning Objective 2 E6-16 Measuring and journalizing merchandise inventory sold-FIFO Requirements 1. Prepare a perpetual inventory recori for the putters assuming Golf Unlimited 1. cOGS $3,232 e FFO inventory costing method. Then identify the cost of ending inven and cost of goods sold for the month 2. Journalize Golf Unlimited's inventory transactions using the FIFO inventory cost ing method. (Assume parchases and sales are made on account.) Learning Objective 2 E6-17 Measuring ending inventory and cost of goods sold in a perpetual inventory system-LIFO 1. Ending Merch, inv 5106 Requirements 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. ing method. (Assume purchases and sales are made on account.) inventory system-Weighted-average 2. Journalize Golf Unlimiteds inventory transactions using the LIFO inventory cost- Learning Objective 2 E6-18 Measuring ending inventory and cost of goods sold in a perpetual 1. COGS $3,236 Requirements 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the weighted-average inventory costing method. Round weightcd average cost per unit to the nearest cent and all other amounts to the ncarest dolar. Then identfy the cost of ending inventory and cost of goods sold for the month Journalize Golf Unlimited's inventory transactions using the weighted-average inventory costing method. (Assume purchases and sales are made on account 2
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