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Date Transaction # of Units Unit Cost Total Cost 1/1 Beg Balance 150 $30 $4,500 1/24 Purchase 70 33 2,310 2/22 Sale (100) - -
Date | Transaction | # of Units | Unit Cost | Total Cost |
1/1 | Beg Balance | 150 | $30 | $4,500 |
1/24 | Purchase | 70 | 33 | 2,310 |
2/22 | Sale | (100) | - | - |
3/7 | Purchase | 90 | 35 | 3,150 |
4/10 | Purchase | 140 | 36 | 5,040 |
6/11 | Sale | (100) | - | - |
9/28 | Purchase | 50 | 38 | 1,900 |
12/4 | Sale | (100) | - | - |
- What is the cost of goods sold under a FIFO periodic inventory system?
- $10,500
- $9,610
- $7,290
- $6,150
- What is the ending inventory under a LIFO periodic inventory system?
- $10,500
- $9,610
- $7,290
- $6,150
- What is the cost of goods sold under a LIFO perpetual inventory system?
- $10,500
- $9,610
- $7,290
- $6,150
- What is the ending inventory under a FIFO perpetual inventory system?
- $10,500
- $9,610
- $7,290
- $6,150
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