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Given Information Units Unit Cost 5.40 $ Extended Cost 1,620.00 Beginning Inventory 1/1/200X 300 Purchases 2/6/200X 5/19/200X 8/12/2007 10/4/2007 Avaliable for Sale 400 350 500
Given Information Units Unit Cost 5.40 $ Extended Cost 1,620.00 Beginning Inventory 1/1/200X 300 Purchases 2/6/200X 5/19/200X 8/12/2007 10/4/2007 Avaliable for Sale 400 350 500 450 2,000 Units 1,500 6.00 4.50 4.00 4.50 2,400.00 1,575.00 2,000.00 2,025.00 9,620.00 Revenue 45,000.00 $ Total year sales (Revenue) Weighted Avg FIFO LIFO Fill in 9 Boxes Below Value of Ending Inventory Cost of Goods Sold Total 9620 9620 $ 9.620.00 Gross Profit Remember: Revenue - Cost of Goods Sold Gross Profit Complete filling in the 9 boxes - Ending Inventory, Cost of Goods sold and Gross Profit for each of FIFO, LIFO and Weighted Average
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