Question

3. The company’s warehouse has been busy taking in and shipping out vendor-supplied automotive parts. the Table 6.A1 shows warehouse’s activities in eight consecutive periods, during which time the price of the parts has steadily increased.
4. 1. Determine the total LIFO prices for each stock withdrawal in periods 3, 4, 6, and 8.
   2. Repeat the same price computation by using the FIFO technique.
5. TABLE 6.A1 FIFO and LIFO Computation

Period	Units In	Unit Price Paid	Units Out
		(dollars)
1	150	100
2	250	120
3			180
4			100
5	100	130
6			200
7	100	140
8			80

THANKS!!!

Answer 1

Answer:

Date.. Units In Price & Units out... ANSWER 150 2 250 100 120 لر 180 4 100 5 100 130 6 200 7 | Чр 8 80 (A) LIFO Technique Clast in First Out] * What I Learn Today * How Do I Feel Today Happy/Elated/Encouraged/Motivated/Curious! Stimulated/Cheerful/Grateful/Excited/Energetic Etc. Why REDMI NOTE 8 AI QUAD CAMERA

11200 2000 20 @ 140 8oo Date... In Life Method... the units purchased last. is sold First.... Units that hoes out.. comes in Last, First am NOTE: assuming its a Perpetual Systion. Inventory * What I Learn Today * How Do I Feel Today Happy/Elated/Encouraged/Motivated/Curious/ Stimulated/Cheerful/Grateful/Excited/Energetic Etc. Why .... REDMI NOTE 8 AI QUAD CAMERA

DATE: PAGE: Units In Balance Units out $ Period 1. 150 @ 100 $ 15ooo Units Price 150 @ $100 $ 15000 2. 250 @ $ 120 = $ 30000 1. 150 @ 100 = 15000 1.250 @ 120= 3000 3. 180 @ 120 150 @ 10o = 70@120 = 15000 8400 = $ 21600 ५. 70 @ 120 - 8400 120 - 12ooo 30@ 100 3000 5. 130 100 a = 1300 120 @ 100 - 12000 100 a 130 13000 6. 100@130 = 13000 100 @ 100 20 a 100 2000 10000 100 @ 140 - 14000 20 @ 100 - 2000 100 @ 140 = 14000 Good Write REDMI NOTE 8 AI QUAD CAMERA

SPD DATE: PAGE: 8 80 @ 140 11200 20 @ 100 2000 20 @ 140 = 2800 =) LIFO Prices of withdrawl 3. $120 70 units @ 120 ($) 4. 30 units a 100 You can calculate 8400 + 3ooo 100 units Average Price [? $ 14 6. 100 unite @130 100 units @ 100 Average Price 13000 +10000 200 $ 115 & 140 Good Write REDMI NOTE 8 AI QUAD CAMERA

* How Do I Feel Today Happy/Elated/Encouraged/Motivated/Curious/ Stimulated/Cheerful/Grateful/Excited/Energetic Etc. [First In First Out]... (8) fifo Method Date.. units In this method that. Comes in. Goes out first.. Firs... So, the units which were furchased first. well be sold first * What I Learn Today Why REDMI NOTE 8 AI QUAD CAMERA

DATE PAGE: Units In @ Price Units out @ Price Balance eriod 150 @100 - 15000 Units Price 150 @ 100 = 15000 2. 250 @ 120 = $ 30000 1. 150 @ 100 - 15ooo • 250 @ 120 30000 3. 150 @ 100 IS000 30 @ 120 = 3600 220 @ 120 = $ 26400 100 a 120 12000 120 @ 120 - $14400 5. 100 @ 130 $ 13000 F120 @ 120 $ 14400 100 @ 130 $ 13000 6. 120 @ 120 20 @ 130 - 2600 14400 80 @ 130 10400 7100 @ 140 20 @ 130 = 2600 100 @140 - 14000 - 14000 Good Drite REDMI NOTE 8 AI QUAD CAMERA

DATE Dj PAGE: 20 @ 130 2600 60 @ 140 84oo 40 @ 140 5600 Units withdrawl Price at FIFO 30 a 150 units 100 30 units @ 120 Average price 15000 + 3600 180 ] = $ 103.33 4] $ 120 TI 6) 120 units @ 120 units @ 130 80 14400 + 10400 200 Average berice =) / $ 124 of 20 units @ 130 IL LILI 60 units IMO 2600+ 8400 Average Parice + =) & 12 137.5 Good Write REDMI NOTE 8 C AI QUAD CAMERA