Problem 2: Bridget’s Unique Denim Boutique uses a periodic i…
Problem 2: Bridget’s Unique Denim Boutique uses a periodic inventory system. The boutique had 40 denim jackets at $60 each in beginning inventory. In June, the boutique purchased 100 denim jackets at $62 each. In August, the boutique purchased 150 denim jackets at $66 each. In December, the boutique purchased 110 denim jackets at $70 each. The boutique sold 350 denim jackets throughout the year at a price of $100 each. (12 points total) PLEASE COPY THE TABLE FROM THE QUESTION INTO YOUR RESPONSE TO FORMAT YOUR ANSWERS. Calculate each of the following:SHOW DETAILS IN UNITS AND COST PER UNIT Cost of Goods Available for Sale in Dollars ($): (4 points) Sales revenue or sales ($) for the year: (1 point) Cost of Goods Sold in Dollars ($) and Ending Inventory in Dollars ($) under the Weighted Average method (round to 2 decimal places): (3 points) Cost of Goods Sold in Dollars ($) and Ending Inventory in Dollars ($) under the LIFO method: (2 points) Cost of Goods Sold in Dollars ($) and Ending Inventory in Dollars ($) under the FIFO method: (2 points)