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HELP. 11 Perpetual FIFO Cost of Goods Sold Cost Cost of Goods per unit Sold Date of units sold Good Purchased #of Cost per units
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11 Perpetual FIFO Cost of Goods Sold Cost Cost of Goods per unit Sold Date of units sold Good Purchased #of Cost per units unit 100 $ 50.00 4000 $ 55.00 714 ports March 1 March 5 March 9 100 3200 $ 50 00 $ 55.00 $ 5,000.00 17.600.00 $ 22,000.00 March 10 120 @ $ 0.00 Inventory Balance Cost of units Inventory Balance per unit 100 $ 50.00 $ 5,000.00 100 $ 50.00 $5,000.00 400 $ 55.00 22,000.00 $ 27,000.00 800 a $ 50.00 $ 4,000.00 30 $ 55.00 4,400 00 $ 8,400.00 120 l $50.00 $ 6,000.00 800 $ 56.00 4,400.00 120 @ 6000 7,200.00 $ 17,000.00 200 Olo $ 5000 $10,000.00 00 $ 55.00 4,400.00 40 $60.00 2.400.00 200 02.00 12,400.00 $ 20,200.00 100 0 0 $ 50.00 $ 5,000.00 80 $ 55.00 4,400.00 400 $ 60.00 2,400 00 200 5 62.00 12,400.00 $24.200 00 5 24,200.00 March 25 2001 50200 OOOO March 20 40 40 OOOO $ 50.00 $ 55.00 $ 60.00 $ 62.00 @@@ 40 40 BB 2,000.00 2,200.00 2.400.00 2.450.00 $ 9.080.00 $ 3188000 Totals Perpetual LIFO: Date Goods Purchased #of Cost per units unit $ 50.00 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per Inventory Balance unit 50.00 5,000.00 March 1 100 100 March 5 400 > @ $ 55.00 @ @ @ $ 100 400 = OO 50.00 55.00 5,000.00 22,000.00 $ $ 27,000.00 March 9 @ $ 50.00 = $ 400 @ 203 $ $ 50.00 55.00 . $ 20,000.00 1,100.00 $ 21,100.00 80 400 @ @ 55.00 $ $ 4,000.00 22,000.00 26.000.00 March 18 120 $ 60.00 s 800 400 120 50.00 55.00 60.00 E 4,000.00 22.000.00 7.200.00 33,200.00 $ $ March 25 200 $ 62.00 $ 50 400 D 120 200@ OOOO $ $ $ $ 50.00 55.00 60.00 62.00 4,000.00 22,000.00 7,200.00 12,400.00 45,600.00 $ March 29 = $ 40 40 10 403 @ 40 @ $ 50.00 $ 66,00 $ 60.00 $ 62.00 80 @ 400 120 @ 200 @ $ $ $ $ 2,000.00 2,200.00 2,400.00 2,480.00 $ 9,080.00 S 30.180.00 50.00 55.00 60.00 62.00 = $ 4,000.00 22,000.00 7,200.00 12,400.00 45,600.00 45.800.00 $ Totals Return to Required 1 Required 2 Required 3 of . Compute the cost assigned to ending Inventory using Weighted Average. (Round your average cost per unit to 2 decimal places.) Welghted Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per of units Cost per Cost of Goods units Cost per unit sold unit Sold # of units unit Inventory Balance March 1 100 @ $ 50.00 100 $ 50.00 $ 5,000.00 March 5 400 @ $55.000 100 @ $ 50.00 35,000.00 400 55.00 22,000.00 Average 500 @ 5400 - $ 27.000.00 March 9 420 $ 85.00 $ 35,700.00 80 $ 54.00 $ 4.320.00 March 18 120 60.00 2003 $ 54.00 $ 10,800.00 400 $ 60.00 24,000.00 Average 600 S. 34,800.00 March 25 200 $ 62.00 0 0 @ $ 62.00 0 March 29 100@ 95.00 - $ 15,200.00 240 S 59.80 $ 14,352.00 Totals $ 50,900.00 to Step by Step Solution
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