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AutoSave OFF svo w Ja Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Share o Comments x Times New... 10
AutoSave OFF svo w Ja Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Share o Comments x Times New... 10 v AE V Aav V E ND AaBbCcDdEe AaBbCcDdEe AaBbCcD AaBb Aa Bb CcDd EE AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe Paste B I U v ab X x? A Dv A Normal No Spacing Title Heading 1 Subtitle Subtle Emph... Emphasis Intense Emp... V Styles Pane The company tracks inventory on a FIFO basis and reports inventory on a LIFO basis. As of December 31, 2012, Ligma had 300 units in inventory. The 2012 Ligma annual report had the following inventory disclosure: Inventory at FIFO $24,000 Less: LIFO Reserve ($ 6.000) Inventory at LIFO $ 18,000 During 2013, Ligma had the following purchases: Purchases Table Units Value/Unit Total Purchase 1 - 2/1/13 350 $90.00 $31,500 Purchase 2 - 6/11/13 900 $100.00 $90,000 Purchase 3 - 9/12/13 1,200 $105.00 $126,000 Purchase 4 - 12/14/13 450 $110.00 $49,500 A physical count on December 31, 2013 indicated that Ligma had 500 units in ending inventory. Based on this information, calculate the following amounts for fiscal year 2013: FIFO Amounts Fiscal Year 2013 Sales (in units): Goods Available for Sale (units): Goods Available for Sale ($): FIFO Ending Inventory ($): FIFO Cost of Goods Sold ($): LIFO Amounts Fiscal Year 2013 Sales (in units): Goods Available for Sale (units): Goods Available for Sale ($): LIFO Ending Inventory ($): LIFO Cost of Goods Sold ($): LIFO Reserve at 12/31/13: Inventory Profit at 12/31/13: Page 1 of 1 188 words DE English (United States) 17 Focus . ' E - 119%
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