Complete the following schedule based on the data given below: $\begin{array}{ll}
\text { Transaction}&\text { Units } & \text { Unit Cost } \
\text { 1. Beginning Inventory}&4,000 & \$ 1.00 \
\text {2. Purchase. }&6,000 & \$ 1.10 \
\text {3. Sale $ (a \$ 4.00) $ }&7,000 & \
\text {4. Purchase. }&2,000 & \$ 1.30
\end{array}$ $\begin{array}{ll}
&\text { Ending } & \text { Cost of } \
&\text { Inventory } & \text { Goods Sold } \
\text {a. FIFO. }&\$ \_\_& \$\_\_ \
\text { b. Annual weighted average}&\_\_& \_\_ \
\end{array}$

Question

Complete the following schedule based on the data given below: $\begin{array}{ll}
 \text { Transaction}&\text { Units } & \text { Unit Cost } \
 \text { 1. Beginning Inventory}&4,000 & \$ 1.00 \
 \text {2. Purchase. }&6,000 & \$ 1.10 \
 \text {3. Sale $ (a \$ 4.00) $ }&7,000 & \
 \text {4. Purchase. }&2,000 & \$ 1.30
\end{array}$ $\begin{array}{ll}
&\text { Ending } & \text { Cost of } \
&\text { Inventory } & \text { Goods Sold } \
 \text {a. FIFO. }&\$ \_\_& \$\_\_ \
 \text { b. Annual weighted average}&\_\_& \_\_ \
\end{array}$

Quizplus · Accepted Answer

The Answer of Complete the following schedule based on the data given below: $\begin{array}{ll}
 \text { Transaction}&\text { Units } & \text { Unit Cost } \
 \text { 1. Beginning Inventory}&4,000 & \$ 1.00 \
 \text {2. Purchase. }&6,000 & \$ 1.10 \
 \text {3. Sale $ (a \$ 4.00) $ }&7,000 & \
 \text {4. Purchase. }&2,000 & \$ 1.30
\end{array}$ $\begin{array}{ll}
&\text { Ending } & \text { Cost of } \
&\text { Inventory } & \text { Goods Sold } \
 \text {a. FIFO. }&\$ \_\_& \$\_\_ \
 \text { b. Annual weighted average}&\_\_& \_\_ \
\end{array}$

Complete the Following Schedule Based on the Data Given Below