Question
Answer using excel ! PT Andalan Utama is engaged in buying and selling electronic equipment. All transactions are made in cash and there are no
Answer using excel !
PT Andalan Utama is engaged in buying and selling electronic equipment. All transactions are made in cash and there are no damaged items for return transactions. Transactions related to inventory at PT Andalan Utama during December 2020 are as follows:
Date | Description | Number of Units | Price per Unit ($) |
1/12/17 | Beginning Stock | 100 | 15 |
5/12/17 | Purchase | 150 | 20 |
10/12/17 | Sales | 140 | 50 |
15/12/17 | Purchase | 130 | 25 |
20/12/17 | Sales | 100 | 50 |
22/12/17 | Purchase | 150 | 30 |
REQUESTED: Calculate the value of ending inventory if the company uses the method: a. Perpetual First In First Out (FIFO) b. Periodic Average (Weighted Average)
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