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Could you please do perpetual and periodic? Thank you!

Could you please do perpetual and periodic? Thank you!

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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Could you please do perpetual and periodic? Thank you! 

29 Moving Average, FIFO, LIFO, Arthur Lloyd Associates provided the following information regarding its inventory for the current year, its second year of operations. SMU Co Transaction Units Sales in Units Unit Cost Total Cost Beginning inventory 1/1 $18 $ 180,000 Purchases February 8 E10-1 460,000 March 15 18,600 22 409,200 Subtotal 51,600 $1,049,200 Units Sold-April 2 at $41 49,500 April 30 28 1,036,000 July 15 12,400 31 384,400 Subtotal $2,469,600 Units Sold-September 1 at $47 November 9 34,500 1,000,500 Total available for sale 135,500 $3,470,100 Total units sold (75,500) Ending inventory 00 0n0, Required» Compute Arthur Lloyd's ending inventory and cost of goods sold under each of the following cost-flow methods assuming the company uses-a-perpetual-inventory system (round your answer for cost per unit to two decimal places): a. Moving Average periodic c. LIFO b. FIFO
Transcribed Image Text:29 Moving Average, FIFO, LIFO, Arthur Lloyd Associates provided the following information regarding its inventory for the current year, its second year of operations. SMU Co Transaction Units Sales in Units Unit Cost Total Cost Beginning inventory 1/1 $18 $ 180,000 Purchases February 8 E10-1 460,000 March 15 18,600 22 409,200 Subtotal 51,600 $1,049,200 Units Sold-April 2 at $41 49,500 April 30 28 1,036,000 July 15 12,400 31 384,400 Subtotal $2,469,600 Units Sold-September 1 at $47 November 9 34,500 1,000,500 Total available for sale 135,500 $3,470,100 Total units sold (75,500) Ending inventory 00 0n0, Required» Compute Arthur Lloyd's ending inventory and cost of goods sold under each of the following cost-flow methods assuming the company uses-a-perpetual-inventory system (round your answer for cost per unit to two decimal places): a. Moving Average periodic c. LIFO b. FIFO
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