SHOE INVENTORY PROBLEM 5-1

FIFO & LIFO & WA

1. Beginning Inventory 1,500 Pairs @ $20 each
2. Purchase 1,000 pairs @ $25 each
3. Cash Sale 900 pairs @ $50 each
4. Sale on Account 1,200 pairs @ $50 each
5. Purchase 2,000 @ $15 each
6. Sale on Account 800 pairs @ $50 each
7. Purchase 1,200 pairs @ $20 each
8. Purchase 1,600 pairs @ $30 each
9. Cash Sale 2,000 pairs @ $50
10. Sale on Account 1,800 pairs @ $50
11. Purchase 2,500 pairs @ 20 each
12. Purchase 900 pairs @ $25 each
13. Sale on Account 1,500 pairs @ $50 each
14. Cash Sale 2,000 pairs @ $50

Make INVENTORY FLOW CHART FIFO, LIFO, WA

DATE	PURCHASES (JE I)			COST OF GOODS SOLD ( JE III)			ENDING BALANCE
	QT	UNIT COST	TOTAL	QT	UNIT COST	TOTAL	QT	UNIT COST	TOTAL
BEG. INV

Do the full chart couldn't post whole thing in here.

2. Fill Out Ledger accounts for Sales, COGS-FIFO, COGS-LIFO, COGS-WA