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Create an income statement for each of the three methods FIFO Method Issues'Sales AVCO Method Issues:Sales Date Nov. 10 Nov. Nov. 20 Nov. 24 Nov.
Create an income statement for each of the three methods
FIFO Method Issues'Sales AVCO Method Issues:Sales Date Nov. 10 Nov. Nov. 20 Nov. 24 Nov. 30 TOTAL Date Nov. Nov. Nov. 20 Nov. 24 Nov. 30 TOTAL Units 140 Purchase Units 140 Purchase CPU 30 34 CPU 30 34 Value 4,500 4,760 9,260 Value 4,500 4,760 9,260 Units 30 35 CPV 29 29 30 30 Value 3,190 S70 2700 1,050 7,S10 Value 3,190 3,600 145 7,835 Units 140 30 30 60 25 25 140 CPV s 29 29 29 30 30 30 30 34 Value s 4,060 1,800 750 4.760 5,510 Value s 4,060 870 900 725 4.760 Nov. Nov. Nov. 20 Nov. 24 30 TOTAL Units 140 Purchase CPU 30 34 Value 4,500 4,760 9,260 Units 120 35 CPU 29 29.83 2983 Value 3,190 3,579.6 1,044.05 7,813.65 Vnits 140 30 180 60 25 165 CPV 29 29 29.83 29.83 29.83 3336 Value 4,060 5,370 1,789.8 745.75 Cost of Goods Sold Closing Stock Cost of Goods Sold LIFO Method Issues:Sales Closing Stock Units 120 30 s CPU 29 30 30 29 Units 140 30 30 30 30 25 25 140 CPV s 29 29 29 30 29 30 29 29 34 Cost of Goods Sold Closing Stock
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