Question
Date Units Cost per unit Total Cost Beg. Inv. 500 $10 $5,000 Feb. 4 700 $11 $7,700 Feb. 11 600 $13 $7,800 Feb. 18 Sale
| Date | Units | Cost per unit | Total Cost |
| Beg. Inv. | 500 | $10 | $5,000 |
| Feb. 4 | 700 | $11 | $7,700 |
| Feb. 11 | 600 | $13 | $7,800 |
| Feb. 18 | Sale of 800 units |
|
|
| Feb. 21 | 1,000 | $15 | $15,000 |
| Feb. 26 | Sale of 1,400 units |
|
|
Using the table above, calculate Cost of Goods Sold and Ending Inventory using perpetual Moving Average Cost. Round average cost amounts to the nearest cent (2 decimal places).
Cost of Goods Sold [ Select ]
Ending Inventory [ Select ]
| Date | Units | Cost per unit | Total Cost |
| Beg. Inv. | 500 | $10 | $5,000 |
| Feb. 4 | 700 | $11 | $7,700 |
| Feb. 11 | 600 | $13 | $7,800 |
| Feb. 18 | Sale of 800 units |
|
|
| Feb. 21 | 1,000 | $15 | $15,000 |
| Feb. 26 | Sale of 1,400 units |
|
|
Using the table above, calculate Cost of Goods Sold and Ending Inventory using perpetual LIFO.
Cost of Goods Sold [ Select ]
Ending Inventory [ Select ]
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Management Reporting Und Behavioral Accounting Verhaltenswirkungen Des Berichtswesens Im Unternehmen
Authors: Andreas Taschner
2nd., 2nd. Auflage Aufl. 2019 Edition
3658234911, 978-3658234911
