Question

m alce, if 1 or 2 units were purchased 3 per J) TUN the current time of the estimate (E = 0). then each unit DIJICILLUS LII TABLE 3.3 Historical and Forecast Unit Costs for Quantity and Period Period Quantity 1-2 34 56 78 Historical Costs 10.00 10.70 11.10 11.25 12.00 8.00 8.60 8.95 9.00 9.65 7.00 7.50 7.80 7.90 8.40 6.50 7.00 7.20 7.30 7.85 12.95 12.97 13.52 14.10 14.69 15.31 Forecast Costs 10.01 8.73 10.44 9.10 10.89 9.49 11.36 9.89 11.84 10.32 12.35 10.75 8.12 8.46 8.83 9.20 9.60 10.01

Answer 1

	BEIGNING			RECEIVED			ISSUE			CLOSING
PERIOD	UNIT	RATE	AMOUNT	UNIT	RATE	AMOUNT	UNIT	RATE	AMOUNT	UNIT	RATE	AMOUNT
-4	-	-	-	2.00	10.00	20.00	-	-	-	2.00	10.00	20.00
	-	#DIV/0!	-	2.00	10.00	20.00	-	#DIV/0!	-	2.00		20.00
-3	2.00	10.00	20.00	7.00	7.00	49.00	2.00	10.00	20.00	-	-	-
							1.00	7.00	7.00	6.00	7.00	42.00
	2.00		20.00	7.00		49.00	3.00		27.00	6.00		42.00
-2	6.00	7.00	42.00	2.00	11.10	22.20	-	-	-	6.00	7.00	42.00
										2.00	11.10	22.20
	6.00		42.00	2.00		22.20	-		-	8.00		64.20
-1	6.00	7.00	42.00	2.00	11.25	22.50	1.00	7.00	7.00	5.00	7.00	35.00
	2.00	11.10	22.20							2.00	11.25	22.50
										2.00	11.10	22.20
	8.00		64.20	2.00		22.50	1.00		7.00	9.00		79.70
0	5.00	7.00	35.00	2.00	12.00	24.00	5.00	7.00	35.00	2.00	11.10	22.20
	2.00	11.25	22.50				2.00	11.25	22.50	2.00	12.00	24.00
	2.00	11.10	22.20
	9.00		79.70	2.00		24.00	7.00		57.50	4.00		46.20

According to the FIFO Method the material cost for 7 units will be $57.50/-

5 units @$7/-

2 units @11.25/-