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The following purchases were made: a.1/1510@ $5.00/ea b. 6/1515@ $8.00/ea c. 12/1545@ $14.00/ea d. 3/1520@ $6.00/ea e.11/1530@ $12.00/ea f.9/1525@ $10.00/ ea g. Sold 115 units
The following purchases were made: a.1/1510@ $5.00/ea b. 6/1515@ $8.00/ea c. 12/1545@ $14.00/ea d. 3/1520@ $6.00/ea e.11/1530@ $12.00/ea f.9/1525@ $10.00/ ea g. Sold 115 units at $25.00/ each What is the cost of goods sold using the LIFO method: The following purchases were made: a.1/1510@ $5.00/ ea b. 6/1515@ $8.00/ ea c. 12/1545@ $14.00/ea d. 3/1520@ $6.00/ea e.11/1530@ $12.00/ ea f. 9/1525@ $10.00/ea g. Sold 115 units at $25.00 /each What is the profit using the LIFO costing method: The following purchases were made: a. 1/1510@ $5.00/ea b. 6/1515@ $8.00/ea c. 12/1545@ $14.00/ea d. 3/1520@ $6.00/ea e. 11/1530@ $12.00/ea f. 9/1525@ $10.00/ea g. Sold 115 units at $25.00 /each What is the LISH value: Given a beginning inventory of 10 units @ \$4/each the following purchases were made: 10 units3/21@ $5.00 /each 11 units 11/14 @ $6.00 each 6 units 6/16@ $5.00 /each 25 units 2/15@ $4.50 /each 5 units 12/15@ S8/each If 50 units were sold@ $25.00 /each. Using LIFO what is the cost of goods sold: The following purchases were made: a.1/1510@ $5.00/ea b. 6/1515@ $8.00/ea c. 12/1545@ $14.00/ea d. 3/1520@ $6.00/ea e. 11/1530@ $12.00/ ea f. 9/1525@ $10.00/ea g. Sold 115 units at $25.00 /each What is the cost of goods sold using FIFO method
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