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Use Excel to compute Cost of Goods Sold and Ending Inventory using LIFO, FIFO, and Average Cost. Description # of units Cost per Unit Total
Use Excel to compute Cost of Goods Sold and Ending Inventory using LIFO, FIFO, and Average Cost.
| Description | # of units | Cost per Unit | Total Cost |
| Beginning Inventory | 20 | $20.00 | $400.00 |
| Jan. 15 Purchase | 27 | $22.00 | $594.00 |
| Jan. 20 Purchase | 33 | $30.00 | $990.00 |
| Goods Available for sale | 80 | $1,984.00 | |
| Less: January Sales | 36 | ||
| Ending Inventory | 44 |
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Accounting For Beginners Learn Easy And Fast Accounting Principles
Authors: Dan Wilson
1st Edition
1700199900, 978-1700199904
