FIFO | Cost of goods available for sale | Cost of goods sold | Ending Inventory | ||||||
Mar-01 | 60 | $ 50.20 | $ 3,012 | ||||||
Mar-05 | 205 | $ 55.20 | $ 11,316 | 60 | $ 50.20 | $ 3,012 | |||
205 | $ 55.20 | $ 11,316 | |||||||
Mar-09 | 60 | $ 50.20 | $ 3,012 | 45 | $ 55.20 | $ 2,484 | |||
160 | $ 55.20 | $ 8,832 | |||||||
Mar-18 | 65 | $ 60.20 | $ 3,913 | 45 | $ 55.20 | $ 2,484 | |||
65 | $ 60.20 | $ 3,913 | |||||||
Mar-25 | 110 | $ 62.20 | $ 6,842 | 45 | $ 55.20 | $ 2,484 | |||
65 | $ 60.20 | $ 3,913 | |||||||
110 | $ 62.20 | $ 6,842 | |||||||
Mar-29 | 45 | $ 55.20 | $ 2,484 | 20 | $ 60.20 | $ 1,204 | |||
45 | $ 60.20 | $ 2,709 | 110 | $ 62.20 | $ 6,842 | ||||
Totals | 380 | $ 22,071 | 310 | $ 17,037 | 130 | $ 8,046 | |||
LIFO | Cost of goods available for sale | Cost of goods sold | Ending Inventory | ||||||
Mar-01 | 60 | $ 50.20 | $ 3,012 | ||||||
Mar-05 | 205 | $ 55.20 | $ 11,316 | 60 | $ 50.20 | $ 3,012 | |||
205 | $ 55.20 | $ 11,316 | |||||||
Mar-09 | 205 | $ 55.20 | $ 11,316 | 45 | $ 50.20 | $ 2,259 | |||
15 | $ 50.20 | $ 753 | |||||||
Mar-18 | 65 | $ 60.20 | $ 3,913 | 45 | $ 50.20 | $ 2,259 | |||
65 | $ 60.20 | $ 3,913 | |||||||
Mar-25 | 110 | $ 62.20 | $ 6,842 | 45 | $ 50.20 | $ 2,259 | |||
65 | $ 60.20 | $ 3,913 | |||||||
110 | $ 62.20 | $ 6,842 | |||||||
Mar-29 | 90 | $ 62.20 | $ 5,598 | 45 | $ 50.20 | $ 2,259 | |||
65 | $ 60.20 | $ 3,913 | |||||||
20 | $ 62.20 | $ 1,244 | |||||||
Totals | 380 | $ 22,071 | 310 | $ 17,667 | 130 | $ 7,416 | |||
Weighted Average - Cost | Cost of goods available for sale | Cost of goods sold | Ending Inventory | ||||||
Mar-01 | 60 | $ 50.20 | $ 3,012 | ||||||
Mar-05 | 205 | $ 55.20 | $ 11,316 | 60 | $ 50.20 | $ 3,012 | |||
205 | $ 55.20 | $ 11,316 | |||||||
265 | $ 54.07 | $ 14,328 | |||||||
Mar-09 | 220 | $ 54.07 | $ 11,895 | 45 | $ 54.07 | $ 2,433 | |||
Mar-18 | 65 | $ 60.20 | $ 3,913 | 45 | $ 54.07 | $ 2,433 | |||
65 | $ 60.20 | $ 3,913 | |||||||
110 | $ 57.69 | $ 6,346 | |||||||
Mar-25 | 110 | $ 62.20 | $ 6,842 | 110 | $ 57.69 | $ 6,346 | |||
110 | $ 62.20 | $ 6,842 | |||||||
220 | $ 59.95 | 13,188 | |||||||
Mar-29 | 90 | $ 59.95 | $ 5,396 | 130 | $ 59.95 | $ 7,794 | |||
Totals | 380 | $ 22,071 | 310 | $ 17,291 | 130 | $ 59.95 | $ 7,794 | ||
Specific Identification | Cost of goods available for sale | Cost of goods sold | Ending Inventory | ||||||
Mar-01 | 60 | $ 50.20 | $ 3,012 | ||||||
Mar-05 | 205 | $ 55.20 | $ 11,316 | 60 | $ 50.20 | $ 3,012 | |||
205 | $ 55.20 | $ 11,316 | |||||||
Mar-09 | 45 | $ 50.20 | $ 2,259 | 15 | $ 50.20 | $ 753 | |||
175 | $ 55.20 | $ 9,660 | 30 | $ 55.20 | $ 1,656 | ||||
Mar-18 | 65 | $ 60.20 | $ 3,913 | 15 | $ 50.20 | $ 753 | |||
30 | $ 55.20 | $ 1,656 | |||||||
65 | $ 60.20 | $ 3,913 | |||||||
Mar-25 | 110 | $ 62.20 | $ 6,842 | 15 | $ 50.20 | $ 753 | |||
30 | $ 55.20 | $ 1,656 | |||||||
65 | $ 60.20 | $ 3,913 | |||||||
110 | $ 62.20 | $ 6,842 | |||||||
Mar-29 | 25 | $ 60.20 | $ 1,505 | 15 | $ 50.20 | $ 753 | |||
65 | $ 62.20 | $ 4,043 | 30 | $ 55.20 | $ 1,656 | ||||
40 | $ 60.20 | $ 2,408 | |||||||
45 | $ 62.20 | $ 2,799 | |||||||
Totals | 380 | $ 22,071 | 310 | $ 17,467 | 130 | $ 7,616 |
5 Assignment Required Information The following information applies to the questions displayed below.) Warnerwoods Company uses...
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 230 units @ $85.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 70 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...
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 @...
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 160 units @ $52.20 per unit 255 units @ $57.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 320 units @ $87.20 per unit 115 units @ $62.20...
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 Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 125 unitse $62.60 per unit 230...
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 Date activities Units acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 180 units $52.60 per unit Mar. 5 Purchase 265 units $57.60 per unit 9 Sales 340 units $87.60 per unit Mar. 18 Purchase 125 units. $62.60 per unit Mar. 25 Purchase 230 units # $64.60 per unit...
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 230 units @ $53.60 per unit 290 units @ $58.60 per unit 390 units @ $88.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 150 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. 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 perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 60 units @ $50.20 per unit 205 units @ $55.20 per unit 220 units @ $85.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 65 units @...