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Metro Mart Co. sells one product. Presented below is information for January 2022 for Metro.
Date 1/1/22 Inventory 100 units at $5 each 1/4/22 Sale 80 units at $8 each 1/11/22 Purchase 150
units at $6 each 1/13/22 Sales 120 units at $8.50 each 1/20/22 Purchase 150 units at $7 each
1/27/22 Sales 100 units at $9 each *Compute the following costs: (15 points) A) Cost of goods
sold under weighted average cost (periodic). B) Cost of ending inventory under
Date
1/1/22Inventory100 units at $5 each
1/4/22 Sale 80 units at $8 each
1/11/22Purchase150 units at $6 each
1/13/22Sales120 units at $8.50 each
1/20/22Purchase150 units at $7 each
1/27/22Sales100 units at $9 each
*Compute the following costs:(15 points)
A) Cost of goods sold under weighted average cost (periodic).
B) Cost of ending inventory under FIFO (periodic).
C) Cost of goods sold under LIFO (periodic)
D) Cost of ending inventory under moving average (perpetual).
E) Cost of goods sold under FIFO (perpetual).
F) Cost of goods sold under LIFO (perpetual).
*Show your computations.

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Metro Mart Co. sells one product. Presented below is information for.pdf

  • 1. Metro Mart Co. sells one product. Presented below is information for January 2022 for Metro. Date 1/1/22 Inventory 100 units at $5 each 1/4/22 Sale 80 units at $8 each 1/11/22 Purchase 150 units at $6 each 1/13/22 Sales 120 units at $8.50 each 1/20/22 Purchase 150 units at $7 each 1/27/22 Sales 100 units at $9 each *Compute the following costs: (15 points) A) Cost of goods sold under weighted average cost (periodic). B) Cost of ending inventory under Date 1/1/22Inventory100 units at $5 each 1/4/22 Sale 80 units at $8 each 1/11/22Purchase150 units at $6 each 1/13/22Sales120 units at $8.50 each 1/20/22Purchase150 units at $7 each 1/27/22Sales100 units at $9 each *Compute the following costs:(15 points) A) Cost of goods sold under weighted average cost (periodic). B) Cost of ending inventory under FIFO (periodic). C) Cost of goods sold under LIFO (periodic) D) Cost of ending inventory under moving average (perpetual). E) Cost of goods sold under FIFO (perpetual). F) Cost of goods sold under LIFO (perpetual). *Show your computations.