Formula: Multiply; Cell Referencing Q R Using Excel to Determine Ending Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for calculations. Purchase $ Units Unit Cost 300 at $ 6.00 Compute the cost of the ending inventory under the 400 at 24 8.00 FIFO method a. 500 at 24 9.00 Units Unit Cost Total Cost McLanie uses a periodic inventory system. It also provided the following information: Answer Field 25% of your score. Formula: Multiply; Cell reference Input a mathematical formula with a cell reference to amounts in this work area. FIFO 200 Compute the cost of the ending inventory under the 6 Units on hand 200 b. LIFO method 7 8 Units Unit Cost Total Cost 19 LIFO 200

Formula: Multiply; Cell Referencing Q R Using Excel to Determine Ending Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for calculations. Purchase $ Units Unit Cost 300 at $ 6.00 Compute the cost of the ending inventory under the 400 at 24 8.00 FIFO method a. 500 at 24 9.00 Units Unit Cost Total Cost McLanie uses a periodic inventory system. It also provided the following information: Answer Field 25% of your score. Formula: Multiply; Cell reference Input a mathematical formula with a cell reference to amounts in this work area. FIFO 200 Compute the cost of the ending inventory under the 6 Units on hand 200 b. LIFO method 7 8 Units Unit Cost Total Cost 19 LIFO 200

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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Hi, Could you please show me how to solve this with formulas? not excel, I should have clarified. Thanks
is there a way to do this question with formulas and a calculator instead of excel? if so please upload the solution this way
Further info is in the attached images For the Excel part of the question give the solutions in the form of the Excel equations. Please and thank you! :) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B34 enter the formula "= B9". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text. Check your worksheet by changing the beginning work in process inventory to 100 units, the units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. Thank you!
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