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The Manson Company has the following sales inventory and purchases during the fiscal year ended December 31 2014 Manson Company employs a perpetual inventory system

The Manson Company has the following sales, inventory, and purchases during the fiscal year ended December 31, 2014.Manson Company employs a perpetual inventory system.Reuired:1. Calculate the dollar value of ending inventory and cost of goods sold using:a. FIFOb. Moving weighted average method. Round all unit costs to two decimal places.2. Using your calculations from Part 1, complete the following schedule:Analysis Component:How would the gross profits calculated in Part 2 above change if Manson Company had been experiencing increasing prices in the purchase of additional inventory?

Jul 11 2020 View more View Less

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