1)
Date | Qty | Price | Amount |
Apr-01 | 672.00 | 6.00 | 4,032.00 |
Apr-04 | 1,680.00 | 6.08 | 10,214.40 |
Apr-08 | 896.00 | 6.41 | 5,743.36 |
Apr-13 | 1,344.00 | 6.51 | 8,749.44 |
Apr-21 | 784.00 | 6.61 | 5,182.24 |
Apr-28 | 560.00 | 6.79 | 3,802.40 |
Total | 5,936.00 | 37,723.84 | |
Average Cost Per unit | 6.36 |
2)LIFO
= 672 x 6 = 4,032
=112 x 6.08 = 680.96
=4,032 + 680.96 = 4,712.96
Average Cost
=784 x 6.36 = 4,986.24
3)FIFO
=560 x 6.79 = 3,802.40
=224 x 6.61 = 1,480.64
= 3,802.40 + 1,480.64 = 5,283.05
LIFO
Date | Qty | Price | Amount |
Apr-01 | 112.00 | 6.00 | 672.00 |
Apr-04 | 112.00 | 6.08 | 680.96 |
Apr-28 | 560.00 | 6.79 | 3,802.40 |
Total | 784.00 | 5,155.36 |
4)
Total merchandise available for sale | 37,723.84 |
Less inventory (FIFO) | 5,283.05 |
Cost of goods sold | 32,440.79 |
5)FIFO
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