Schedule of cost of merchandise sold
First in First out
Portable DVD Player
Date | quantity purchase | Purchase unit cost | Purchase total Cost | Quantity cost of merchandise sold | Cost of merchandise sold unit cost | Cost of merchandise sold | Inventory quantity | Inventory unit cost | Inventory total Cost |
April 1 | 72 | 42 | 3024 | ||||||
Apr 10 | 53 | 42 | 2226 | 19 | 42 | 798 | |||
Apr 15 | 34 | 44 | 1496 |
19 34 |
42 44 |
798 1496 |
|||
Apr 20 |
19 5 |
42 44 |
798 220 |
29 | 44 | 1276 | |||
Apr 24 | 21 | 44 | 924 | 8 | 44 | 352 | |||
Apr 30 | 23 | 47 | 1081 |
8 23 |
44 47 |
352 1081 |
|||
Apr 30 | Balance | 4168 | 1433 | ||||||
b) Ending inventory will be higher under last in first out method
Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory...
Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 41 units @ $77 10 Sale 28 units 15 Purchase 17 units @ $80 20 Sale 18 units 24 Sale 8 units 30 Purchase 27 units @ $84 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 80 units @ $71 10 Sale 55 units 15 Purchase 46 units @ $75 20 Sale 32 units 24 Sale 23 units 30 Purchase 36 units @ $78 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 78 units @ $99 10 Sale 52 units 15 Purchase 46 units @ $104 20 Sale 31 units 24 Sale 25 units 30 Purchase 39 units @ $108 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the...
Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 52 units $86 43 units 69 units$91 39 units 12 units 24 units s96 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 38 units @ $97 Sale 32 units Purchase 22 units @ $101 20 Sale 13 units Sale 11 units Purchase 30 units @ $105 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 76 units @ $70 Sale 64 units Purchase 40 units @ $73 Sale 17 units Sale 16 units Purchase 31 units @ $76 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 48 units @ $62 10 Sale 34 units 15 Purchase 25 units @ $64 20 Sale 21 units 24 Sale 11 units 30 Purchase 37 units @ $67 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 63 units @ $59 51 units Sale 36 units @ $62 20 Purchase Sale Sale 21 units 11 units Purchase 40 units @ $64 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 49 units @ $79 10 Sale 41 units 15 Purchase 25 units @ $84 20 Sale 13 units 24 Sale 14 units 30 Purchase 40 units @ $87 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 42 units @ $92 10 Sale 31 units 15 Purchase 22 units @ $97 20 Sale 18 units 24 Sale 10 units 30 Purchase 36 units @ $102 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the...