please answer without image Presented below is information related to Blowfish radios for the Splish Company for the month of July.DateJuly 16710121518222530Transaction Units InBalancePurchaseSaleSalePurchaseSalePurchaseSalePurchaseSaleTotals(1) FIFO.(2) LIFO.(3) Average-cost.Ending inventory atJuly 31eTextbook and Media140Save for Later1,1205604207002,940Unit Cost$4.50(1)FIFO4.604.905.004.98Total$6305,1522,7442,1003,486$14,112Units Sold$4204202805602801,960Selling Price(2)LIFO$7.007.307.407.407.50Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the followingcost flow assumptions. (Round answers to O decimal places, e.g. 6,578.)Total$$2,9403,0662,0724,1442,100$14,322(3)Average-Cost

FIFO is first in first out method of inventory , under which inventories which are purchased first…

Presented below is information related to Blowfish radios for the Splish Company for the month of July. Date July 1 6 7 10 12 15 18 22 25 30 Transaction Units In Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals (1) FIFO. (2) LIFO. (3) Average-cost. Ending inventory at July 31 $ eTextbook and Media Save for later 140 1,120 560 420 700 2,940 Unit Cost $4.50 (1) FIFO 4.60 4.90 5.00 4.98 Total $630 5,152 2,744 2,100 3,486 $14,112 Units Sold $ 420 420 280 560 280 1,960 Selling Price (2) LIFO $7.00 7.30 7.40 7.40 7.50 Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to O decimal places, e.g. 6,578.) Total $ $2,940 3,066 2,072 4,144 2,100 $14,322 (3) Average-Cost

Presented below is information related to Blowfish radios for the Splish Company for the month of July. Date July 1 6 7 10 12 15 18 22 25 30 Transaction Units In Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals (1) FIFO. (2) LIFO. (3) Average-cost. Ending inventory at July 31 $ eTextbook and Media Save for later 140 1,120 560 420 700 2,940 Unit Cost $4.50 (1) FIFO 4.60 4.90 5.00 4.98 Total $630 5,152 2,744 2,100 3,486 $14,112 Units Sold $ 420 420 280 560 280 1,960 Selling Price (2) LIFO $7.00 7.30 7.40 7.40 7.50 Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to O decimal places, e.g. 6,578.) Total $ $2,940 3,066 2,072 4,144 2,100 $14,322 (3) Average-Cost

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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