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Lifo Fifo Weighted everything thats in the tabs of the bottom of screen G 2 5 LO 8 A B D E F H 1
Lifo Fifo Weighted everything thats in the tabs of the bottom of screen
G 2 5 LO 8 A B D E F H 1 Before you begin, print out all the pages in this workbook. K 2 3 Northgate Products Corp. sells gadgets and uses the perpetual inventory system. During the 4 month of January 2019, the number of gadgets purchased and sold was as follows: 5 6 Purchased Sold Balance in inventory 7 Date 8 Units Unit cost Total $ Units Unit cost Total $ Units Unit cost Total $ 9 Jan. 1 200 $2 10 3 400 $3 11 8 400 $5 12 10 700 13 15 300 $7 14 20 300 15 400 $7 16 17 Units were sold for the following amount: 18 Jan 10 $11 19 20 $12 Jnl. Entries wid. Avg. Compare Required FIFO LIFO 27 lan Spec. Ident BIU A 29 Wrap Text General Clipboard 121 + Merge & Center Font $ - % 15 B7 Alignment Fy 400 Number B C A 1 1.a. FIFO 2 D E G H 3 Goods Purchased 4 Date Cost of Goods Sold 5 Balance in Inventory Units Unit Cost Total $ Units Unit Cost Total $ Jan. 1 Units Unit Cost Totol s 6 7 200 $2 3 400 $3 Do 10 8 400 $5 11 12 10 15 16 17 18 15 300 $7 19 20 201 Required FIFO LIFO Spec Ident Wtdi Avg Joil. Entries Compare Ready Calculate 2 Paste 3 A HI B Iuda. A 2 Wrap Text 3 Merge & Center General hili Clipboard 5 Font $% Conditional For Formatting HZ Alignment 19 To fo Number 5 Style B c 1 1.b. LIFO 2 D E F G H K 3 Goods Purchased 4 Cost of Goods Sold Date 5 Balance in Inventory Units Unit Cost Total $ Units Unit Cost Total Jan. 1 Units Unit Cost Total $ 6 200 $2 3 400 S3 00 400 $5 10 8 9 10 11 12 13 14 15 16 017 18 119 15 300 S7 20 70 Recorded FIFO LIFO Spec Ident Wid. Ayol Entries Compare Red Calculate DO f Number 2 4 C A B 1 1.c. Specific identification 2 D F H K Goods Purchased mo Cost of Goods Sold Date Balance in Inventory Units Unit Cost Total S Unit Cost Units Jan. 1 Total S Unit Cost Units 200 Total 7 $2 3 400 8 S3 g 00 400 $5 10 11 12 13 10 14 15 16 17 18 15 300 19 20 21 20 Reque FIFO LIRO Spec Ident wed Ava Un Entries Compare Calculate A B D 1 1.d. Weighted average E F G H K Nm Goods Purchased 4 Cost of Goods Sold Balance in Inventory Date Unit Cost Units Total Unit Cost Units Total Unit Cost Totals Units 200 $2.00 DN 000 400 400 $3.00 $5.00 Jan. 1 3 8 10 15 20 27 300 9 10 11 12 13 14 15 $7.00 400 $7.00 16 CHIL H25 A B C D E 1 1 Northgate Products Corp GENERAL JOURNAL 2 3 Dec. 4 2019 Description Debit Credit 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Inl. Entries Wtd. Avg Compare LIFO Required FIFO Spec Ident Rendy calculate B a D E C H K 3. COGS plus ending inventory Spec. Ident FIFO LIFO Wtd. Avg. COGS Ending Inv. Total G 2 5 LO 8 A B D E F H 1 Before you begin, print out all the pages in this workbook. K 2 3 Northgate Products Corp. sells gadgets and uses the perpetual inventory system. During the 4 month of January 2019, the number of gadgets purchased and sold was as follows: 5 6 Purchased Sold Balance in inventory 7 Date 8 Units Unit cost Total $ Units Unit cost Total $ Units Unit cost Total $ 9 Jan. 1 200 $2 10 3 400 $3 11 8 400 $5 12 10 700 13 15 300 $7 14 20 300 15 400 $7 16 17 Units were sold for the following amount: 18 Jan 10 $11 19 20 $12 Jnl. Entries wid. Avg. Compare Required FIFO LIFO 27 lan Spec. Ident BIU A 29 Wrap Text General Clipboard 121 + Merge & Center Font $ - % 15 B7 Alignment Fy 400 Number B C A 1 1.a. FIFO 2 D E G H 3 Goods Purchased 4 Date Cost of Goods Sold 5 Balance in Inventory Units Unit Cost Total $ Units Unit Cost Total $ Jan. 1 Units Unit Cost Totol s 6 7 200 $2 3 400 $3 Do 10 8 400 $5 11 12 10 15 16 17 18 15 300 $7 19 20 201 Required FIFO LIFO Spec Ident Wtdi Avg Joil. Entries Compare Ready Calculate 2 Paste 3 A HI B Iuda. A 2 Wrap Text 3 Merge & Center General hili Clipboard 5 Font $% Conditional For Formatting HZ Alignment 19 To fo Number 5 Style B c 1 1.b. LIFO 2 D E F G H K 3 Goods Purchased 4 Cost of Goods Sold Date 5 Balance in Inventory Units Unit Cost Total $ Units Unit Cost Total Jan. 1 Units Unit Cost Total $ 6 200 $2 3 400 S3 00 400 $5 10 8 9 10 11 12 13 14 15 16 017 18 119 15 300 S7 20 70 Recorded FIFO LIFO Spec Ident Wid. Ayol Entries Compare Red Calculate DO f Number 2 4 C A B 1 1.c. Specific identification 2 D F H K Goods Purchased mo Cost of Goods Sold Date Balance in Inventory Units Unit Cost Total S Unit Cost Units Jan. 1 Total S Unit Cost Units 200 Total 7 $2 3 400 8 S3 g 00 400 $5 10 11 12 13 10 14 15 16 17 18 15 300 19 20 21 20 Reque FIFO LIRO Spec Ident wed Ava Un Entries Compare Calculate A B D 1 1.d. Weighted average E F G H K Nm Goods Purchased 4 Cost of Goods Sold Balance in Inventory Date Unit Cost Units Total Unit Cost Units Total Unit Cost Totals Units 200 $2.00 DN 000 400 400 $3.00 $5.00 Jan. 1 3 8 10 15 20 27 300 9 10 11 12 13 14 15 $7.00 400 $7.00 16 CHIL H25 A B C D E 1 1 Northgate Products Corp GENERAL JOURNAL 2 3 Dec. 4 2019 Description Debit Credit 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Inl. Entries Wtd. Avg Compare LIFO Required FIFO Spec Ident Rendy calculate B a D E C H K 3. COGS plus ending inventory Spec. Ident FIFO LIFO Wtd. Avg. COGS Ending Inv. Total Step by Step Solution
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