Please do not give solution in image format thanku Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particularproduct in 2023 as follows:Jan. 1 Beginning inventoryJan. 10 SoldMar. 7 PurchasedMar. 15 SoldJuly 28 PurchasedOct. 3 PurchasedOct. 5 Sold130 units @ $ 7.10 = $60 units @ $15.60 =310 units @ $ 6.40 =120 units @ $15.60 =560 units @ $ 6.20 =923.00936.001,984.001,872.003,472.00510 units @ $ 6.10 =3,111.00690 units @ $15.60 = 10,764.00Assume that Car Armour specifically sold the following units:Oct. 5: 215Jan. 10: 60 units from beginning inventoryMar. 15: 30 units from beginning inventory, and90 units from the March 7 purchaseunits from the July 28 purchase, and475 units from the October 3 purchaseEnding inventoryCost of goods soldCalculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

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Description: Please do not give solution in image format thanku Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particularproduct in 2023 as follows:Jan. 1 Beginning inventoryJan. 10 SoldMar. 7 Pu

The inventory can be valued using various methods as FIFO, LIFO and average method. The cost of…

Business

Accounting

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 130 units @ $ 7.10 = $ 60 units@ $15.60 = 310 units @ $ 6.40 = 120 units @ $15.60 = 560 units @ $ 6.20 = 510 units @ $ 6.10 = 690 units @ $15.60= Assume that Car Armour specifically sold the following units: Jan. 10: 60 units from beginning inventory Mar. 15: 30 units from beginning inventory, and 90 units from the March 7 purchase Oct. 5: 215 units from the July 28 purchase, and 475 units from the October 3 purchase 923.00 936.00 1,984.00 1,872.00 3,472.00 3,111.00 10,764.00 Ending inventory Cost of goods sold Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 130 units @ $ 7.10 = $ 60 units@ $15.60 = 310 units @ $ 6.40 = 120 units @ $15.60 = 560 units @ $ 6.20 = 510 units @ $ 6.10 = 690 units @ $15.60= Assume that Car Armour specifically sold the following units: Jan. 10: 60 units from beginning inventory Mar. 15: 30 units from beginning inventory, and 90 units from the March 7 purchase Oct. 5: 215 units from the July 28 purchase, and 475 units from the October 3 purchase 923.00 936.00 1,984.00 1,872.00 3,472.00 3,111.00 10,764.00 Ending inventory Cost of goods sold Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

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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