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Can someone please help me fill this out using FIFO? Thank you! Table 4, part 2 inventory February Ending Counts Replacement Selling Selling Normal Item
Can someone please help me fill this out using FIFO? Thank you!
Table 4, part 2 inventory February Ending Counts Replacement Selling Selling Normal Item Name Units profit% Cost Costs Price Ropes 84 10 25 5 30% climbing 500 32 60 5 2550 Helmets 425 24 40 5 30% Tota 1084 Ropes Unit Cost Total Beginning 21/14 100 10 1000 Purchase 2 414 114 10 1.140 Purchase 2/25/14 150 10 1,500 Climbing Shoes Unit Cost Total Beginning 2/AM 14 700 33 3.100 2/4/14 9000 33 29,700 Purchase 400 32 12,800 End 228 V14 500 Climbing Hardware Unit Cost Total Beginning 2/1/14 100 19 1900 8,075 End 22 /14 75 Helmets Date Units Unit Cost Total Beginning 2/1/14 600 24 14,400 Purchase 24 14 550 24 13.200 Purchase 2/25/14 800 24 19,200 End 28/14 4125 Cost Beg Purchases End Cof Gs Sales Ceiling Floor Market LCM Value Reconciliation Ropes shoes Hardware Helmets Total 1,900 14,400 40,400 1,000 23.100 2,640 42,500 14,575 32,400 92.115 65,600 3,640 16,475 46,800 132,515 7,000 90,000 27,125 61,000 185,125Step by Step Solution
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