Question
Events related to the buy and sale of goods in January 2020 of BLN company are as follows: Date Process Amount Unit Price Amount January
Events related to the buy and sale of goods in January 2020 of BLN company are as follows:
Date | Process | Amount | Unit Price | Amount |
January 1 | Stock | 20 | 40.000,00 | 800.000,00 |
January 7 | Sell | 8 | 60.000,00 | 480.000,00 |
January 15 | Buy | 20 | 45.000,00 | 900.000,00 |
January 20 | Sell | 10 | 60.000,00 | 600.000,00 |
January 30 | Sell | 15 | 65.000,00 | 975.000,00 |
Calculate the amount of gross profit as of the end of January, assuming that the business uses the continuous inventory method;
a) calculate according to the moving weighted average cost method.
b) calculate according to the first-in-first-out (FIFO) method.
c) calculate according to the last input first output (LIFO) method.
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