Question
Ques 9: Rogers made few purchases and few sales for apple iPod. Calculate the Gross profit and Cost of Goods Sold for Apple iPod
Ques 9: Rogers made few purchases and few sales for apple iPod. Calculate the Gross profit and Cost of Goods Sold for Apple iPod for Rogers for the month of Jan by using perpetual inventory system (20 pts) a. FIFO (10 Pts) b. Moving Weighted Average Method (10 pts). Round off the figures. Date Inventory Units Price $ Jan 1 Beg. Inventory 211@ 120 (C.P) Jan 7 Sales Jan12 Purchase Jan 15 Sales Jan 24 Purchases Jan 28 Sales Selling Price Cost Price 210@ 200 (S.P) 100@ 130 (C.P) 120 @270 (S.P) 90 @ 100 (C.P) 105 @270 (S.P) S. P= C.P=
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Core Concepts of Accounting
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