Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory...
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Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 62 units at a cost of $6 per unit. During April, the following purchases and sales were made. April 7 (a) 13 April 5 (b) 23 (c) 29 11 20 30 Purchases 52 104 74 42 272 Sales 104 units at $20 units at $20 64 units at $20 units at $20 74 32 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost. (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 1,525.) units at $7.00 units at $8.00 units at $9.00 units at $10.00 274 Average-cost-Ending Inventory FIFO -Ending Inventory LIFO-Ending Inventory +A Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold 10 $ $ Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 62 units at a cost of $6 per unit. During April, the following purchases and sales were made. April 7 (a) 13 April 5 (b) 23 (c) 29 11 20 30 Purchases 52 104 74 42 272 Sales 104 units at $20 units at $20 64 units at $20 units at $20 74 32 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost. (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 1,525.) units at $7.00 units at $8.00 units at $9.00 units at $10.00 274 Average-cost-Ending Inventory FIFO -Ending Inventory LIFO-Ending Inventory +A Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold 10 $ $
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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