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During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning inventory of

During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory.
Sept. 1 Beginning inventory of 340 units @ $130 per unit.
8 Purchased 435 units @ $140 per unit.
12 Sold 260 units.
17 Sold 130 units.
23 Purchased 110 units @ $160 per unit.
25 Purchased 160 units @ $170 per unit.
30 Sold 110 units.
Compute the Goods Available for Sale (in both Units and Dollars). (Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)
Date Units Cost/Unit Amount

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

Ending InventoryBeginning Inventory Purchases SalesGoods Available for Sale

$

$

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

SalesGoods Available for SaleEnding InventoryBeginning Inventory Purchases

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

Goods Available for SaleBeginning Inventory SalesEnding InventoryPurchases

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

Ending InventoryGoods Available for SaleBeginning Inventory Purchases Sales

Purchases SalesBeginning Inventory Goods Available for SaleEnding Inventory

$

Compute the total units sold and total units in the ending inventory.
Total Units Sold

Units in the Ending Inventory

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Compute the value of the ending inventory at the end of September under the FIFO periodic cost flow assumption. (Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)
Date Number of Units Cost/Unit Total

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

$

$

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

Sept. 1Sept. 8Sept. 12Sept. 17Sept. 23Sept. 25Sept. 30

Ending Inventory

$

Compute the value of the cost of goods sold at the end of September under the FIFO periodic cost flow assumption. (Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)
Cost of Goods Sold =

Beginning InventoryEnding InventoryGoods Available for Sale

timesdivide byplusminus

Beginning InventoryGoods Available for SaleEnding Inventory

= $

+/-x

$

= $

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