Answers
Ending Inventory |
|
FIFO |
$ 4,750 |
Weighted Average |
$ 3,750 |
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 |
10 |
$ 100.00 |
$ 1,000.00 |
10 |
$ 100.00 |
$ 1,000.00 |
0 |
$ 100.00 |
$ - |
Purchases: |
|||||||||
20 |
$ 125.00 |
$ 2,500.00 |
20 |
$ 125.00 |
$ 2,500.00 |
0 |
$ 125.00 |
$ - |
|
15 |
$ 150.00 |
$ 2,250.00 |
10 |
$ 150.00 |
$ 1,500.00 |
5 |
$ 150.00 |
$ 750.00 |
|
20 |
$ 200.00 |
$ 4,000.00 |
0 |
$ 200.00 |
$ - |
20 |
$ 200.00 |
$ 4,000.00 |
|
TOTAL |
65 |
$ 9,750.00 |
40 |
$ 5,000.00 |
25 |
$ 4,750.00 = ANSWER |
Weighted Average (Periodic) |
Units |
Cost per unit |
Total |
Beginning Inventory |
10 |
$ 100.00 |
$ 1,000.00 |
Purchases: |
|||
20 |
$ 125.00 |
$ 2,500.00 |
|
15 |
$ 150.00 |
$ 2,250.00 |
|
20 |
$ 200.00 |
$ 4,000.00 |
|
Total Purchases |
55 |
$ 8,750.00 |
|
Goods Available for Sales |
65 |
$ 9,750.00 |
|
Weighted Average cost per unit |
$ 150.000 |
||
Cost of Goods Sold |
40 |
$ 150.000 |
$ 6,000.00 |
Ending Inventory |
25 |
$ 150.000 |
$ 3,750.00 = Answer |
the beginning inventory beginning inventory and the purchases of item ABC during the year w ary...
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