please answers these questions below
i i have 4 questions on Homework Problem this example for it
and i have homework like 37 part and for both are unlimited so i can get 100% until submit it
i put example for them
Garret’s CornerGarret‘s Corner,
Inc., carries a line of titanium
watcheswatches.
Garret’s CornerGarret‘s Corner,
Inc., uses the FIFO method and a perpetual inventory system. The sales price of each
watchwatch
is
$ 185$185.
Company records indicate the following activity for
watcheswatches
for the month of
JulyJuly:
LOADING…
(Click
the icon to view the records.)
Read the requirementsLOADING…
.
Requirement 1. Prepare a perpetual inventory record for the watcheswatches
to determine the amount
Garret’s CornerGarret‘s Corner,
Inc., should report for ending inventory and cost of goods sold using the FIFO method.
Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.)
| FIFO: |
| Purchases | Cost of goods sold | Inventory on hand | ||||||
|
|
| Unit | Total |
| Unit | Total |
| Unit | Total |
Date | Qty | Cost | Cost | Qty | Cost | Cost | Qty | Cost | Cost | |
Jul | 1 | |||||||||
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