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Better Bottles, Inc., uses a periodic inventory system and has the following information availa Description Beginning Inventory Cost per Unit Total Cost 20 27 # of Units $20.00 $400.00 Jan. 15 Purchase 22.00 594.00 Jan. 20 Purchase 33 30.00 990.00 80 36 44 Goods Available for Sale $1,984.00 Less: January Sales Ending Inventory Required: 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. (Use cells A4 to D10 from the given information to complete this question.) FIFO Ending Inventory Description # of Units Cost per Unit Total Cost Jan. 20 Purchase Jan. 15 Purchase 44

Better Bottles, Inc., uses a periodic inventory system and has the following information availa Description Beginning Inventory Cost per Unit Total Cost 20 27 # of Units $20.00 $400.00 Jan. 15 Purchase 22.00 594.00 Jan. 20 Purchase 33 30.00 990.00 80 36 44 Goods Available for Sale $1,984.00 Less: January Sales Ending Inventory Required: 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. (Use cells A4 to D10 from the given information to complete this question.) FIFO Ending Inventory Description # of Units Cost per Unit Total Cost Jan. 20 Purchase Jan. 15 Purchase 44

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please show steps and formulas 

B SAM SAM - Login C Ashcroft 72"... M Question 2 -... M Integrated Ex... b My Questions... how to avoid.. Bb Excel McGraw Hill Excel Question - Saved Search (Option + Q) File Home Draw Formulas Data Review View Help O Editing Insert w/11 v B .00 →.0 Calibri ab General .00 A1 fx Accessibility tab summary: Financial information for Better Bottles, Incorporated, is presented in cells A4 to D10. A statement for requiren A В C E F H. I 1 2 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 3 # of Units Cost per Unit Total Cost Description Beginning Inventory 4 20 $20.00 $400.00 6. Jan. 15 Purchase 27 22.00 594.00 7 Jan. 20 Purchase 33 30.00 990.00 8 Goods Available for Sale 80 $1,984.00 9. Less: January Sales 36 10 Ending Inventory 44 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 (Use cells A4 to D10 from the given information to complete this question.) 16 FIFO Ending Inventory # of Units 17 18 Description Cost per Unit Total Cost 19 Jan. 20 Purchase 20 Jan. 15 Purchase 21 44 22 23 FIFO Cost of Goods Sold 24 # of Units Total Cost Description 25 Beginning Inventory Cost per Unit 26 Jan. 15 Purchase 27 36 28 A Graded Worksheet Calculation Mode: Automatic Workbook Statistics
Transcribed Image Text:B SAM SAM - Login C Ashcroft 72"... M Question 2 -... M Integrated Ex... b My Questions... how to avoid.. Bb Excel McGraw Hill Excel Question - Saved Search (Option + Q) File Home Draw Formulas Data Review View Help O Editing Insert w/11 v B .00 →.0 Calibri ab General .00 A1 fx Accessibility tab summary: Financial information for Better Bottles, Incorporated, is presented in cells A4 to D10. A statement for requiren A В C E F H. I 1 2 Better Bottles, Inc., uses a periodic inventory system and has the following information available: 3 # of Units Cost per Unit Total Cost Description Beginning Inventory 4 20 $20.00 $400.00 6. Jan. 15 Purchase 27 22.00 594.00 7 Jan. 20 Purchase 33 30.00 990.00 8 Goods Available for Sale 80 $1,984.00 9. Less: January Sales 36 10 Ending Inventory 44 11 12 Required: 13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 15 (Use cells A4 to D10 from the given information to complete this question.) 16 FIFO Ending Inventory # of Units 17 18 Description Cost per Unit Total Cost 19 Jan. 20 Purchase 20 Jan. 15 Purchase 21 44 22 23 FIFO Cost of Goods Sold 24 # of Units Total Cost Description 25 Beginning Inventory Cost per Unit 26 Jan. 15 Purchase 27 36 28 A Graded Worksheet Calculation Mode: Automatic Workbook Statistics
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