STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL FIFO METHOD | |||||||||
RECIEPTS | COST OF GOODS SOLD | BALANCE | |||||||
DATE | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ |
01-Mar | 80 | 50.6 | 4048 | ||||||
05-Mar | 215 | 55.6 | 11954 | 80 | 50.6 | 4048 | |||
215 | 55.6 | 11954 | |||||||
09-Mar | 80 | 50.6 | 4048 | ||||||
160 | 55.6 | 8896 | 55 | 55.6 | 3058 | ||||
18-Mar | 75 | 60.6 | 4545 | 55 | 55.6 | 3058 | |||
75 | 60.6 | 4545 | |||||||
25-Mar | 130 | 62.6 | 8138 | 55 | 55.6 | 3058 | |||
75 | 60.6 | 4545 | |||||||
130 | 62.6 | 8138 | |||||||
29-Mar | 55 | 55.6 | 3058 | 20 | 60.6 | 1212 | |||
55 | 60.6 | 3333 | 130 | 62.6 | 8138 | ||||
TOTAL | 420 | 24637 | 350 | 19335 | 150 | 9350 | |||
STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL LIFO METHOD | |||||||||
RECIEPTS | COST OF GOODS SOLD | BALANCE | |||||||
DATE | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ |
01-Mar | 80 | 50.6 | 4048 | ||||||
05-Mar | 215 | 55.6 | 11954 | 80 | 50.6 | 4048 | |||
215 | 55.6 | 11954 | |||||||
09-Mar | 215 | 55.6 | 11954 | ||||||
25 | 50.6 | 1265 | 55 | 50.6 | 2783 | ||||
18-Mar | 75 | 60.6 | 4545 | 55 | 50.6 | 2783 | |||
75 | 60.6 | 4545 | |||||||
25-Mar | 130 | 62.6 | 8138 | 55 | 50.6 | 2783 | |||
75 | 60.6 | 4545 | |||||||
130 | 62.6 | 8138 | |||||||
29-Mar | 110 | 62.6 | 6886 | 55 | 50.6 | 2783 | |||
75 | 60.6 | 4545 | |||||||
20 | 62.6 | 1252 | |||||||
TOTAL | 420 | 24637 | 350 | 20105 | 150 | 8580 | |||
STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL WEIGHTED AVERAGE METHOD | |||||||||
RECIEPTS | COST OF GOODS SOLD | BALANCE | |||||||
DATE | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ |
01-Mar | 80 | 50.6 | 4048 | ||||||
05-Mar | 215 | 55.6 | 11954 | 80 | 50.6 | 4048 | |||
215 | 55.6 | 11954 | |||||||
Average | 295 | 54.24 | 16002 | ||||||
09-Mar | 240 | 54.24 | 13018 | 55 | 54.24 | 2984 | |||
18-Mar | 75 | 60.6 | 4545 | 55 | 54.24 | 2984 | |||
75 | 60.6 | 4545 | |||||||
Average | 130 | 57.92 | 7529 | ||||||
25-Mar | 130 | 62.6 | 8138 | 130 | 57.92 | 7529 | |||
130 | 62.6 | 8138 | |||||||
Averge | 260 | 60.26 | 15667 | ||||||
29-Mar | 110 | 60.26 | 6629 | 150 | 60.26 | 9038 | |||
TOTAL | 420 | 24637 | 350 | 19647 | 15 | 60.26 | 9038 | ||
STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL Specific Identification METHOD | |||||||||
RECIEPTS | COST OF GOODS SOLD | BALANCE | |||||||
DATE | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ | UNITS | RATE | AMOUNT $ |
01-Mar | 80 | 50.6 | 4048 | ||||||
05-Mar | 215 | 55.6 | 11954 | 80 | 50.6 | 4048 | |||
215 | 55.6 | 11954 | |||||||
09-Mar | 55 | 50.6 | 2783 | 25 | 50.6 | 1265 | |||
185 | 55.6 | 10286 | 30 | 55.6 | 1668 | ||||
18-Mar | 75 | 60.6 | 4545 | 25 | 50.6 | 1265 | |||
30 | 55.6 | 1668 | |||||||
75 | 60.6 | 4545 | |||||||
25-Mar | 130 | 62.6 | 8138 | 25 | 50.6 | 1265 | |||
30 | 55.6 | 1668 | |||||||
75 | 60.6 | 4545 | |||||||
130 | 62.6 | 8138 | |||||||
29-Mar | 35 | 60.6 | 2121 | 25 | 50.6 | 1265 | |||
75 | 62.6 | 4695 | 30 | 55.6 | 1668 | ||||
40 | 60.6 | 2424 | |||||||
55 | 62.6 | 3443 | |||||||
TOTAL | 420 | 24637 | 350 | 19885 | 150 | 8800 | |||
Cost of Ending inventory | |||||||||
FIFO | LIFO | Average | Specific | ||||||
Ending inventory | 9350 | 8580 | 9038 | 8800 | |||||
HIC FUNUITY WORTOLUIT OPPcs LU UC YUSUNIS payCU UCHUW. Help Save Warnerwoods Company uses a perpetual...
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 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 @ $60.00 per unit 200 units @ $62.00 per unit 160 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 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 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 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...
[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 e$53.80 per unit 295 units e $58.80 per unit. 400 units e $88.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 155 units & $63.80 per unit...
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 200 units @ $53.00 per unit 275 units@ $58.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 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 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...
Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Mar Mar 1 Beginning inventory 5 Purchase Units Acquired at Cost 240 units 553.80 per unit 205 units 558e per unit 600 units 588. Be per unit 155 units 290 units Mar. 18 Purchase Mar 25 Purchase Mar. 2 Sales Totals 563.80 per unit 565.8 per unit $98.8e per unit 278 units 670 units 3. Compute the cost...
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 @...