Answers
FIFO |
Cost of Goods available for sale |
Cost of Goods Sold |
Ending Inventory |
||||||
Units |
Cost/unit |
COG for sale |
Units sold |
Cost/unit |
COGS |
Units |
Cost/unit |
Ending inventory |
|
Beginning Inventory |
165 |
$ 55.00 |
$ 9,075.00 |
165 |
$ 55.00 |
$ 9,075.00 |
0 |
$ 55.00 |
$ - |
Purchases: |
|||||||||
05-Mar |
465 |
$ 60.00 |
$ 27,900.00 |
465 |
$ 60.00 |
$ 27,900.00 |
0 |
$ 60.00 |
$ - |
18-Mar |
250 |
$ 65.00 |
$ 16,250.00 |
145 |
$ 65.00 |
$ 9,425.00 |
105 |
$ 65.00 |
$ 6,825.00 |
25-Mar |
330 |
$ 67.00 |
$ 22,110.00 |
0 |
$ 67.00 |
$ - |
330 |
$ 67.00 |
$ 22,110.00 |
TOTAL |
1210 |
$ 75,335.00 |
775 |
$ 46,400.00 |
435 |
$ 28,935.00 |
LIFO |
Cost of Goods available for sale |
Cost of Goods Sold |
Ending Inventory |
||||||
Units |
Cost/unit |
COG for sale |
Units sold |
Cost/unit |
COGS |
Units |
Cost/unit |
Ending inventory |
|
Beginning Inventory |
165 |
$ 55.00 |
$ 9,075.00 |
0 |
$ 55.00 |
$ - |
165 |
$ 55.00 |
$ 9,075.00 |
Purchases: |
|||||||||
05-Mar |
465 |
$ 60.00 |
$ 27,900.00 |
195 |
$ 60.00 |
$ 11,700.00 |
270 |
$ 60.00 |
$ 16,200.00 |
18-Mar |
250 |
$ 65.00 |
$ 16,250.00 |
250 |
$ 65.00 |
$ 16,250.00 |
0 |
$ 65.00 |
$ - |
25-Mar |
330 |
$ 67.00 |
$ 22,110.00 |
330 |
$ 67.00 |
$ 22,110.00 |
0 |
$ 67.00 |
$ - |
TOTAL |
1210 |
$ 75,335.00 |
775 |
$ 50,060.00 |
435 |
$ 25,275.00 |
Average Method |
Cost of Goods available for sale |
Cost of Goods Sold |
Ending Inventory |
||||||
Units |
Cost/unit |
COG for sale |
Units sold |
Cost/unit |
COGS |
Units |
Cost/unit |
Ending inventory |
|
Beginning Inventory |
165 |
$ 55.00 |
$ 9,075.00 |
||||||
Purchases: |
|||||||||
05-Mar |
465 |
$ 60.00 |
$ 27,900.00 |
||||||
18-Mar |
250 |
$ 65.00 |
$ 16,250.00 |
||||||
25-Mar |
330 |
$ 67.00 |
$ 22,110.00 |
||||||
TOTAL |
1210 |
$ 62.260 |
$ 75,335.00 |
775 |
$ 62.2600 |
$ 48,251.50 |
435 |
$ 62.2600 |
$ 27,083.10 |
Specific Identification |
Cost of Goods available for sale |
Cost of Goods Sold |
Ending Inventory |
||||||
Units |
Cost/unit |
COG for sale |
Units sold |
Cost/unit |
COGS |
Units |
Cost/unit |
Ending inventory |
|
Beginning Inventory |
165 |
$ 55.00 |
$ 9,075.00 |
70 |
$ 55.00 |
$ 3,850.00 |
95 |
$ 55.00 |
$ 5,225.00 |
Purchases: |
|||||||||
05-Mar |
465 |
$ 60.00 |
$ 27,900.00 |
415 |
$ 60.00 |
$ 24,900.00 |
50 |
$ 60.00 |
$ 3,000.00 |
18-Mar |
250 |
$ 65.00 |
$ 16,250.00 |
105 |
$ 65.00 |
$ 6,825.00 |
145 |
$ 65.00 |
$ 9,425.00 |
25-Mar |
330 |
$ 67.00 |
$ 22,110.00 |
185 |
$ 67.00 |
$ 12,395.00 |
145 |
$ 67.00 |
$ 9,715.00 |
TOTAL |
1210 |
$ 75,335.00 |
775 |
$ 47,970.00 |
435 |
$ 27,365.00 |
Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic...
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 100 units @ $50.00 per unit Mar. 5 Purchase 400 units @ $55.00 per unit Mar. 9 Sales 420 units @ $85.00 per unit Mar. 18 Purchase 120 units @ $60.00 per unit Mar. 25 Purchase 200...
Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 180 units @ $ 70 per unit 480 units @ $75 per unit 500 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 280 units...
Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 135 units @ $70 per unit Mar. 5 Purchase 435 units @ $75 per unit Mar. 9 Sales 455 unitse $105 per unit Mar. 18 Purchase 190 units @ $80 per unit Mar. 25 Purchase 270 units...
I want only b Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales...
Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 70 units @ $50.40 per unit 210 units @ $55.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 230 units @ $85.40 per unit 70 units @...
ework i Saved Help Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 135 units @ $70 per unit 435 units @ $75 per unit 455 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales...
Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @...
Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 180 units @ $70 per unit 480 units @ $75 per unit 500 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 280 units @...
Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit 340 units @ $87.60 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 125 units @ $62.60...
Required information The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 240 units@ $53.80 per unit 295 units @ $58.89 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9. Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 400 units@ $88.80 per unit 155 units @ $63.89 per...