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Acc 225 Week 6

In: Business and Management

Submitted By stephnamm
Words 840
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1 Cost of Goods Available for Sales FIFO Amount Units Cost of Goods Sold 26,400.00 740 Endng Inventory 33,040.00 200 59,440.00 940

LIFO Amount Units Cost of Goods Sold 24,000.00 740 Endng Inventory 35,440.00 200 59,440.00 940

Specific Identification Amount Units Cost of Goods Sold 24,000.00 740 Endng Inventory 35,440.00 200 59,440.00 940

Weighted Average Amount Units Cost of Goods Sold 25,384.00 740 Endng Inventory 34,056.00 200 59,440.00 940

2 to 3 A. FIFO Goods Purchased Cost of Goods Sold Inventory Balance Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost January 1 Beginning Balance 600 44.00 26,400.00 February 10 200 40.00 8,000.00 600 44.00 34,400.00 200 40.00 March 13 100 20.00 2,000.00 600 44.00 36,400.00 200 40.00 100 20.00 March 15 400 44.00 17,600.00 200 44.00 18,800.00 200 40.00 100 20.00 August 21 160 60.00 9,600.00 200 44.00 28,400.00 200 40.00 100 20.00 160 60.00 September 5 280 48.00 13,440.00 200 44.00 41,840.00 200 40.00 100 20.00 160 60.00 280 48.00 September 10 200 44.00 8,800.00 200 40.00 33,040.00 100 20.00 160

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