Periodic FIFO Cost Assignment

Required information Use the following information for the Exercises below Pert 3 of 3 The following information applies to the questions displayed below Hemming Co. reported the following current-year purchases and sales for its only product 25 points Units Sold at Retail Units Acquired at Cost Activities Date Beginning Jan. 1 inventory $3,339 265 units@ $12.60 eBook 225 units $42.60 Jan.10 Sales 7,568 Hint 430 units@ $17.60 Mar.14 Purchase 370 units@ $42.60 Mar.15 Sales July 30 Purchase Oct. 5 Sales Print 10,s09 465 units@ $22.60 440 units@ $42.60 References 4,554 165 units@ $27.60 Oct.26 Purchase $25,970 1,035 units 1,325 units Totals Exercise 6-9A Periodic: Inventory costing system LO P3 Next 4 of 8 Help 4 Required information (a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO (b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO (c) Compute the gross margin for each method. Part 3 of 3

a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory 2.5 points 8 of unite Cost per Cost of Goods s of units Cost per #of units Cost of Goods Sold in ending Cost Ending Available for Sale unit sold unit per unit Inventory inventory eBook Beginning inventory 265 $12.60 $ 12.60 3,339 265 3,339 0 Hint Purchases: 430 March 14 $ 17.50 7.525 430 17.50 7,525 0 Print $ 2260 $ 27.60 465 $22.60 10,509 465 10,509 July 30 References $27.60 October 26 165 4,554 165 4,554 S 0 1,325 25,927 1,325 25,927 Total Ending Inventory Cost of Goods Sold b) Periodic LIFO Cost of Goods Available for Sale of units in ending inventory #of uniting Cost per Cost of Goods# of units Cost per Ending Cost Cost of Goods Sold Available for Sale unit per unit Inventory sold unit Mc Graw Hill Education of.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
English 101
Excellent deliverables. I love the immersive thought.
Customer 462537, April 21st, 2022
Social Work and Human Services
Great writer! Thanks for the revision, the paper is so much better than ones previous.
Customer 463301, November 8th, 2022
Marketing & Advertising
Nice article. I've also learnt alot.
Customer 453915, September 21st, 2022
Well done. Looking foward to working with you again
Customer 463463, December 12th, 2022
good job
Customer 456821, September 1st, 2022
Medical terminology
Thank you so much
Customer 454783, April 15th, 2022
Customer 463473, November 1st, 2022
Business and administrative studies
This was done very well. Thank you!
Customer 458435, September 10th, 2022
Great job!
Customer 454145, April 12th, 2020
Excellent work. Had a few issues but tutor stayed in contact and produced a succinct and quality paper.
Customer 453939, April 26th, 2020
Business and administrative studies
Customer 453509, May 23rd, 2022
Very nice content. I am glad you took the corrections to heart and made the changes. Commendable work.
Customer 463679, February 22nd, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat