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beginning inventory and purchases Sales Date Units Unit Cost Total Date Units Beg. Inv. 6250 3...

beginning inventory and purchases

 Sales
Date Units Unit Cost Total Date Units
Beg. Inv. 6250 3 18750
15-Mar 5000 3.12 15600 3-Feb 5250
10-May 8750 3.3 28875 4-May 4250
12-Aug 6250 3.48 21750 16-Sep 8000
20-Nov 3750 3.72 13950 9-Oct 7250
TOTAL 30000 TOTAL 25000
Beg. Inv 6250
Purchses 23750

(total - beg. Inv)
Goods Ava. 30000
Sales 25000
Ending inv. 5000

(purchase-sales)

Ending inv. Under specific identification

 Didn't provide sale so omit this part
Ending inv. Under FIFO

Sales -units sold
a) perpetual
b) periodic
Ending inv. Under LIFO
2) perpetual
b) periodic

Ending inv. Under weighted avg.
a) perpetual
b) periodic
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Answer #1


Perpetual & Periodic FIFO Perpertual Cost of goods sold Purchases Balance Unit Cost Total Cost Unit Cost Total Cost Date Unit

FIFO Periodic Cost of goods Available Date Units Unit Cost Total Cost Beg.Inv. 6250 3 18750 15-Mar 5000 3.12 15600 10-May 875

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