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Find cost of goods sold using the perpetaul FIFO Purchase Date 4/17 6/1 8/22 10/1 12/2 12/10 12/19 12/21 12/28 Beginning Inventory Beginning Inventory Beginning
Find cost of goods sold using the perpetaul FIFO
Purchase Date 4/17 6/1 8/22 10/1 12/2 12/10 12/19 12/21 12/28 Beginning Inventory Beginning Inventory Beginning Inventory Beginning Inventory Purchase Purchase Purchase Purchase Purchase Totals # of Units 2,000 700 1,000 400 600 220 310 155 205 5,590 # of Units 500 415 490 112 325 211 375 995 575 255 700 4,953 Cost per Uni 115 120 130 140 149 152 154 158 157 Total Cost 230,000 84,000 130,000 56,000 89,400 33,440 47,740 24,490 32,185 727,255 Cost of Goods Sold Pe etual FIFO : Date of Sale Units Sold: COGS from 1/1 to 11/30 12/1 sale 12/3 sale 12/6 sale 12/9 sale 12/12 sale 12/13 sale 12/14 sale 12/15 sale 12/20 sale 12/27 sale 12/29 sale Total units sold 12/1 12/3 12/6 12/9 12/12 12/13 12/13 12/14 12/15 12/15 12/20 12/20 12/27 500 415 Cost per Uni 115 115 Total Cost $3,648,722 57,500 $ 47,725
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