Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me fill in blanks thank you FIFO LIFO weight avg. need help on specufic ID Date # of units sold por unit of

please help me fill in blanks thank you
FIFO image text in transcribed
LIFO
image text in transcribed
weight avg.
image text in transcribed
need help on specufic ID
image text in transcribed
Date # of units sold por unit of units Cost of Goods Sold units per unit mventory Balance Jan 1 620 BD por unit 5 45.00 Is 45.00 $ 42.00 Feb 10 310 @ 620 42.00 . @ 310 > 27 900.00 $ 27,900.00 13,020.00 $ 40.920.00 $ 27,900.00 13.020.00 Mar 13 120 @ 620 30.00 310 0 $ 45.00 $ 42.00 S 30.00 120 @ 3,600.00 5 44.520.00 s 13.020.00 3600.00 Mar 15 620 er $ 27,900.00 310 08 5 45.00 $ 42.00 3 > 5 42.00 $ 30.00 150 > 6,300.00 120 $ 34,200.00 5 16,620 00 Aug 21 190 o 150 $ 6,720.00 50.00 S 42.00 > 120 3,600.00 30.00 1900 9 500 00 50.00 19,820.09 y using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Cost of Goods Sold Goods Purchased # of Cost units per unit Date #of units sold Cost per unit Cost of Goods Sold of units Inventory Balance Cost por Inventory unit Balance $ 4500 $ 27,900.00 Jan 1 620 @ Feb 10 310 42.00 620 @ $ 27,900.00 S 45.00 IS 42.00 310 13.020.00 $ 40,920.00 Mar 13 so 120 30.00 620 $ 27,900.00 310 45.00 $ 42.00 5 3000 13,020,00 120 3,600.00 $ 44,520.00 Mar 15 120 30 00 5 3.600.00 280 4500 $ 12,600.00 310 42.00 13.020.00 340 5 45.00 15,300.00 $31.920.00 5 12,600.00 BUSCA Goods Purchased of Cost Date per units unt #ol units Cost of Goods Sold Cost Cost of Goods per Sold unit Inventory Balance Coot Inventory of units por Balance sold Jan 1 620 @ 4500 27 900.00 Feb 10 310 @ 4200 620 310 $ 45.00 S 42.00 $ 44.00 Is 27 900 00 13,020.00 S 40,920.00 Average 930 Mar 13 120 30.00 930 s 44.00 5 30.00 40,920.00 3,600.00 120 9 1,050 44.520.00 Mar 15 770 @ $ 32,648.00 280 42.40 @ 4240 IS 42.40 $ 42 40 > 5 11.872.00 Aug 21 190 50 00 280 = 190 > S Average 470 5 11872.00 9,500.00 $ 21.372.00 5 21.370.90 24,960.00 s 46 330 50 50.00 $ 45.47 5 45 47 $ 4000 520 @ 470 48.00 5 520 o e 990 46.80 Sep 10 710 @ 280 . 46.80 $ 33, 228,00 $ 65,876.00 45.00 13.10400 Tol Perpetual FIFO Perpetual LIFO Weighted Average Specfic ld Specific Identification Cost of Goods Available for Sale Cost of Goods Sold #of units Cost per unit Cost of Goods Available for Sale $ 27,000 #of units sold Cost per unit Cost of Goods Sold Ending Inventory of units Cost in Ending ending per unit Inventory inventory $ 45,00 5 0 620 $ 45.00 0 210 $ 42.00 100 Beginning inventory Purchases Feb 10 March 13 Aug 21 Sep 5 Total 310 120 $ 42.00 $ 30.00 $ 50,00 $ 48.00 16,800 5,400 5,000 23,000 $ 77,200 8.820 0 0 $ 42.00 $ 30.00 S 50.00 $18.00 190 4,200 0 0 0 4,200 520 1.760 D $ 8.820 210 100 5 27 900.00 $ 27,900.00 13,020.00 $ 40.920.00 $ 27,900.00 13.020.00 Mar 13 120 @ 620 30.00 310 0 $ 45.00 $ 42.00 S 30.00 120 @ 3,600.00 5 44.520.00 s 13.020.00 3600.00 Mar 15 620 er $ 27,900.00 310 08 5 45.00 $ 42.00 3 > 5 42.00 $ 30.00 150 > 6,300.00 120 $ 34,200.00 5 16,620 00 Aug 21 190 o 150 $ 6,720.00 50.00 S 42.00 > 120 3,600.00 30.00 1900 9 500 00 50.00 19,820.09 y using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Cost of Goods Sold Goods Purchased # of Cost units per unit Date #of units sold Cost per unit Cost of Goods Sold of units Inventory Balance Cost por Inventory unit Balance $ 4500 $ 27,900.00 Jan 1 620 @ Feb 10 310 42.00 620 @ $ 27,900.00 S 45.00 IS 42.00 310 13.020.00 $ 40,920.00 Mar 13 so 120 30.00 620 $ 27,900.00 310 45.00 $ 42.00 5 3000 13,020,00 120 3,600.00 $ 44,520.00 Mar 15 120 30 00 5 3.600.00 280 4500 $ 12,600.00 310 42.00 13.020.00 340 5 45.00 15,300.00 $31.920.00 5 12,600.00 BUSCA Goods Purchased of Cost Date per units unt #ol units Cost of Goods Sold Cost Cost of Goods per Sold unit Inventory Balance Coot Inventory of units por Balance sold Jan 1 620 @ 4500 27 900.00 Feb 10 310 @ 4200 620 310 $ 45.00 S 42.00 $ 44.00 Is 27 900 00 13,020.00 S 40,920.00 Average 930 Mar 13 120 30.00 930 s 44.00 5 30.00 40,920.00 3,600.00 120 9 1,050 44.520.00 Mar 15 770 @ $ 32,648.00 280 42.40 @ 4240 IS 42.40 $ 42 40 > 5 11.872.00 Aug 21 190 50 00 280 = 190 > S Average 470 5 11872.00 9,500.00 $ 21.372.00 5 21.370.90 24,960.00 s 46 330 50 50.00 $ 45.47 5 45 47 $ 4000 520 @ 470 48.00 5 520 o e 990 46.80 Sep 10 710 @ 280 . 46.80 $ 33, 228,00 $ 65,876.00 45.00 13.10400 Tol Perpetual FIFO Perpetual LIFO Weighted Average Specfic ld Specific Identification Cost of Goods Available for Sale Cost of Goods Sold #of units Cost per unit Cost of Goods Available for Sale $ 27,000 #of units sold Cost per unit Cost of Goods Sold Ending Inventory of units Cost in Ending ending per unit Inventory inventory $ 45,00 5 0 620 $ 45.00 0 210 $ 42.00 100 Beginning inventory Purchases Feb 10 March 13 Aug 21 Sep 5 Total 310 120 $ 42.00 $ 30.00 $ 50,00 $ 48.00 16,800 5,400 5,000 23,000 $ 77,200 8.820 0 0 $ 42.00 $ 30.00 S 50.00 $18.00 190 4,200 0 0 0 4,200 520 1.760 D $ 8.820 210 100 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

SEO Competitor Audit Journal

Authors: Nelz Plummer

1st Edition

B09DDWJGRC, 979-8459748123

More Books

Students also viewed these Accounting questions

Question

Prepare for a successful job interview.

Answered: 1 week ago

Question

Describe barriers to effective listening.

Answered: 1 week ago

Question

List the guidelines for effective listening.

Answered: 1 week ago