I figured out most of the answers, I just need help solving COGS and Inventory balance for Jan 26 ith Prof...Homepage- Centra...MetaMask DownloadM McGraw-Hill Conne...Course Home-Math..SavedGoods purchasedCost of Goods Soldinventory Balance# of# ofCost perCost per Cost of GoodsunitCost per inventoryunitDateunits# of unitsunitsunitSoldBalancesoldJanuary 1330 @$ 3.20 =2$1,056January 980 @ $ 3.40330 @2$3.20 =2$1,05680 @$3.40 =272$ 1,328January 25110 @ $ 3.50330 @$ 3.20 =241,05680 @$ 3.40 =272110 @$ 3.50 =3851,713January 26@$ 3.50 =2$@$ 3.20 =80 a3.40 =2723.40 =@2$3.20 =$ 3.50Totals2$272< Prev5 of 7Next >o search30°F Partly shpf6f7fg2#&346.79国 XCA Company Reports The Follow X CA Company Reports The Followi x+meducation com/ext/map/index.html?_con=con&evternal browser-08launchuri=https%253A%252F%252Fnewconnectmheducation.co. ACourse Home-Math. H Students | Handsha fonM MetaMask Download M McGraw-Hill Connenth Prof. Homepage - Centra.SavedHelp Save & ExiteworkCheckQS 6-5 Perpetual: Inventory costing with LIFO LO P1A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company se370 units. Ending inventory at January 31 totals 150 units.UnitsUnit CostBeginning inventory on January 1Purchase on January 9Purchase on January 25330$ 3.20Book803.401103.50HintPrintRequired:Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based orceferencesLIFOPerpetual LIFO:Goods purchasedCost of Goods SoldInventory Balance# ofunits# ofunitsCost perCost per Cost of GoodsunitCost perInventoryBalanceDate# of unitsunitSoldunitsoldMcGrawHill< Prev5 of 7Next >Type here to search30°F Partly sunnyhpE3Oumkinsertprt@#3$&234567backspac8个WEY4U{HJ2K3enteCVrhif.. ..w/

Lets understand the basics. In FIFO basis company assumes that, goods purchased first in the…

QS 6-5 Perpetual: Inventory costing with LIFO LO P1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company s 370 units. Ending inventory at January 31 totals 150 units. Unit Cost $ 3.20 Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 33е 80 3.40 110 3.50 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based c LIFO.

QS 6-5 Perpetual: Inventory costing with LIFO LO P1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company s 370 units. Ending inventory at January 31 totals 150 units. Unit Cost $ 3.20 Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 33е 80 3.40 110 3.50 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based c LIFO.

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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