please help with all working and steps answer in text thank you so much Datear 7ir 14Required informationcember 14ar 15cember 15ar 21Goods PurchasedCost PerUnit10 at $ 24.0020 at $ 30.00# of UnitsGoodsPurchased=$ 240,00$ 600.00Perpetual FIFO:# ofUnitsSoldCost of Goods SoldCost Per Cost of GoodsUnitSoldInventory BalanceCost PerUnit10 at $24.00#of Units20 at $30.00 =neck my workInventoryBalance$ 240.00$ 600.00$ 600.00 Required informationUse the following information for the Quick Study below. (Algo) (11-14)[The following information applies to the questions displayed below.]Trey Monson starts a merchandising business on December 1 and enters into the following threeinventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells15 units for $38 each.Purchases on December 7Purchases on December 14Purchases on December 21QS 5-11 (Algo) Perpetual: Assigning costs with FIFO LO P1Required:Determine the costs assigned to the December 31 ending inventory based on the FIFO method.DateDenember?10 units @ $24.00 cost20 units @ $30.00 cost15 units@ $32.00 cost# of UnitsGoods PurchasedCost PerUnit€ 240l10 tGoodsPurchasedPerpetual FIFO:€ 24000!co# ofUnitsSoldCost of Goods SoldCost Per Cost of GoodsSoldUnitInventory Balance#of Units10latCost Per InventoryUnitBalance€ 2400€ 2400

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Description: please help with all working and steps answer in text thank you so much Datear 7ir 14Required informationcember 14ar 15cember 15ar 21Goods PurchasedCost PerUnit10 at $ 24.0020 at $ 30.00# of UnitsGoodsPurchased=$ 240,00$ 600.00Perpetual FIFO:# ofUnit

Lets understand the basics.There are various method followed for calculating cost of goods sold and…

Business

Accounting

Date er 7 ir 14 cember 14 Goods Purchased Cost Per Unit 10 at $ 24.00 # of Units 20 at $ 30.00 Goods Purchased $ 240.00 $ 600.00 Perpetual FIFO: # of Units Sold Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance Cost Per Unit # of Units 10 at 20 at $ 24.00- $30.00- Inventory Balance $ 240.00 $ 600.00 $ 600.00

Date er 7 ir 14 cember 14 Goods Purchased Cost Per Unit 10 at $ 24.00 # of Units 20 at $ 30.00 Goods Purchased $ 240.00 $ 600.00 Perpetual FIFO: # of Units Sold Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance Cost Per Unit # of Units 10 at 20 at $ 24.00- $30.00- Inventory Balance $ 240.00 $ 600.00 $ 600.00

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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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!!!!
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