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I just need help with that last box with a red x FIFO Shaded cells have feedback ise sold data in a perpetual inventory record
I just need help with that last box with a red x
FIFO Shaded cells have feedback ise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. nases Cost of Merchandise Sold Inventory Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost 85.00 1,912,500 7,500 7,500 22,500 75.00 75.00 85.00 562,500 562,500 1,912,500 75.00 V 85.00 7,500 3,750 3,750 1,500 562,500 318,750 318,750 127,500 85.00 85.00 18,750 15,000 13,500 13,500 54,000 85.00 85.00 85.00 85.00 87.50 1,593,750 1,275,000 1,147,500 1,147,500 4,725,000 87.50 4,725,000 13,500 V 13,500 25,500 85.00 87.50 87.50 1,147,500 1,181,250 V 2,231,250 40,500 15,000 15,000 87.50 87.50 87.50 3,543,750 1,312,500 1,312,500 89.50 4,027,500 FIFO Shaded cells have feedback 3,750 3,750 1,500 85.00 85.00 85.00 318,750 318.750 127,500 18,750 V 15,000 13,500 13,500 54,000 85.00 85.00 85.00 85.00 87.50 1,593,750 1.275,000 1,147,500 1,147,500 4,725,000 87.50 4,725,000 13,500 13,500 25,500 V 85.00 87.50 87.50 1,147,500 1,181,250 V 2,231,250 40,500 15,000 15,000 45,000 87.50V 87.50 87.50 89.50 3,543,750 1,312,500 1,312,500 4,027,500 89.50 4,027,500 15,000 V 15,000 87.50 89.50 1,312,500 1,342,500 90.00 675,000 30,000 30,000 V 7,500 3,750 7,500 89.50 89.50 90.00 89.50 90.00 2,685,000 2,685,000 V 675,000 335,625 V 675,000 11,250 X 26,250 89.50 2,349,375 V 10.891.875 Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: 3,750 3,750 1,500 85.00 85.00 85.00 Shaded cells have feedback. X 318,750 318,750 127,500 Total Date Jan. Per Unit $75.00 $562,500 1,912,500 85.00 1 10 28 30 Transaction Inventory Purchase Sale Sale Sale 13,500 13,500 25,500 85.00 87.50 87.50 1,147,500 1,181,250 2,231,250 1,687,500 Number of Units 7,500 22,500 11,250 3,750 1,500 54,000 27,000 25,500 562,500 Feb. 225,000 10 Purchase 4,725,000 150.00 150.00 150.00 87.50 160.00 160.00 89.50 160.00 16 Sale 4,320,000 15,000 15,000 87.50V 89.50 1,312,500 1,342,500 Mar. 45,000 28 5 14 25 30 Sale Purchase Sale Purchase Sale 4,080,000 4,027,500 4,800,000 30,000 26,250 89.50 2,349,375 90.00 675,000 7,500 26,250 160.00 4,200,000 10,891,875Step by Step Solution
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