Schedule of Cost of Goods Sold
LIFO Method
DVD Players
Date | Quantity Purchased |
Purchases Unit Cost |
Purchases Total Cost |
Quantity Sold | Cost of Goods Sold Unit Cost |
Cost of Goods Sold Total Cost |
Inventory Quantity |
Inventory Unit Cost | Inventory Total Cost |
Nov.1 | 38 | $ 74 | $ 2812 | ||||||
Nov. 10 | 26 | $ 74 | $ 1924 | 12 | $ 74 | $ 888 | |||
Nov. 15 | 48 | $ 78 | $ 3744 | 48 | $ 78 | $ 3744 | |||
12 | $ 74 | $ 888 | |||||||
Nov. 20 | 27 | $ 78 | $ 2106 | 21 | $ 78 | $ 1638 | |||
12 | $ 74 | $ 888 | |||||||
Nov. 24 | 7 | $ 78 | $ 546 | 14 | $ 78 | $ 1092 | |||
12 | $ 74 | $ 888 | |||||||
Nov. 30 | 20 | $ 81 | $ 1620 | 20 | $ 81 | $ 1620 | |||
14 | $ 78 | $ 1092 | |||||||
12 | $ 74 | $ 888 |
Sale Purchase Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 44 units at $53 10 Sale 36 units 15 Purchase 54 units at $55 20 Sale 31 units 24 Sale 9 units 30 Purchase 28 units at $57 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 72 units at $59 10 Sale 60 units 15 Purchase 92 units at $62 20 Sale 52 units 24 Sale 14 units 30 Purchase 27 units at $64 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 75 units at $56 10 Sale 59 units 15 Purchase 99 units at $58 20 Sale 57 units 24 Sale 15 units 30 Purchase 32 units at $60 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in...
Perpetual Inventory Using FIFO Beginning Inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 40 units at $71 10 Sale 26 units 15 Purchase 22 units at $74 20 Sale 19 units 24 Sale 11 units 30 Purchase 39 units at $78 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 56 units at $68 Sale 42 units Purchase 26 units at $71 Sale 20 units 13 units Sale Purchase 25 units at $74 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 46 units at $50 10 Sale 36 units 15 Purchase 24 units at $52 20 Sale 17 units 24 Sale 9 units 30 Purchase 23 units at $55 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 65 units at $70 10 Sale 48 units 15 Purchase 29 units at $73 20 Sale 22 units 24 Sale 15 units 30 Purchase 33 units at $77 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 35 units at $86 10 Sale 23 units 15 Purchase 43 units at $90 20 Sale 24 units 24 Sale 7 units 30 Purchase 24 units at $95 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 50 units at $41 Inventory Sale 34 units Purchase 20 units at $43 23 units Sale Sale 9 units 30 Purchase 34 units at $45 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form...
Beginning inventory, purchases, and sales data for DVD players are as follows: November Inventory 44 units at $53 10 Sale 36 units 15 Purchase 54 units at $55 20 Sale 31 units 24 Sale 9 units 30 Purchase 28 units at $57 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in...