I need the journlaized inventory transactions under the methods : weighted-average, The accounts are : cash, cost of gold sold, merchandise inventory, and sales revenue. The data table is here Date Description Units Per Unit Jan 1 Inventory on hand 5,000 $11 Jan 3 purchase 9,000 $13 Jan 6 sale 8,500 $23 Jan 15 purchase 13,000 $15 Jan 22 sale 12,000 $23

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Q: s

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Q: please solve this one

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A: LIFO Method:

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Q: None

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A: Step 1:Step 2:Step 3: Step 4:

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A: Lets understand the basics.Cost of goods sold is a cost of acquiring or manufacturing the products…

Q: I need the journlaized inventory transactions under the methods : FIFO, The accounts are : cash,…

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Q: ales                                                               $63,000        $43,600…

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.