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Could I please get the chart filled out for both FIFO & LIFO? Units Sold at Retail 220 units $42.80 340 units $42.80 440 units
Could I please get the chart filled out for both FIFO & LIFO?
Units Sold at Retail 220 units $42.80 340 units $42.80 440 units $42.80 Activities Units Acquired at Cost Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase 270 units $12.803,456 400 units $17.807,120 470 units $22.810,716 170 units$27.804,726 Totals 1,310 units $26,018 1,000 units Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance f of units Cost perl unit #ofunits sold |Cost per| unit Cost of Goods Sold #Of units Costper) Inventory Balance Date | unit January 1 January 10 March 14 270@S 1280S S 3,456.00 640 00 50 $12.80 S 640.00 7.120.00 $ 7,760.00 220 12.80S28160050@ $12 400 $ 17.80 400S1780 March 15 50$12.80 $17.80 640.00 0.00 S 640.00 0 @ | $ 1280- July 30 470| @ $ 22 80 0$12 80 s 2280 October 5 October 26 170 2780 $27 80 Totals 3 456 00 Required 2Step by Step Solution
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