cascade inc completed the following inventory transactions during the month of septe 494518

Aug 29, 2021 | Uncategorized

First assignment

  1. Prepare a perpetual inventory record using FIFO.
  2. Prepare a perpetual inventory record using LIFO.
  3. Prepare a perpetual inventory record using average cost

Second assignment

  1. Estimate the August 31 inventory using the gross profit method.
  2. Prepare the August income statement through gross profit for Whitewater Co.
  3. Calculate the Inventory Turnover Ratio for Whitewater for years 2009 and 2010.
  4. Provide a reason why the Inventory Turnover has changed from the previous year
Document Preview:

9/1/2010 25 80 9/4/2010 40 78 9/12/2010 52 9/22/2010 30 77 9/30/2010 22 1 2 3 Date Requirements: Purchases Cost of Goods Sold Inventory on Hand Quantity Unit Cost Total Cost Cascade Inc. completed the following inventory transactions during the month of September: Item Balance Purchase Sale Prepare a perpetual inventory record using FIFO Prepare a perpetual inventory record using LIFO Prepare a perpetual inventory record using average cost Module 8 Assignment: ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????