Answer
Perpetual FIFO: |
Cost of Goods Available for Sale |
Cost of Goods Sold - Jan 5 |
Cost of Goods Sold - Jan 12 |
Cost of Goods Sold - Jan 20 |
Inventory Balance |
||||||||||
# of units |
Cost per unit |
Cost of Goods Available for Sale |
# of units sold |
Cost per unit |
Cost of Goods Sold |
# of units sold |
Cost per unit |
Cost of Goods Sold |
# of units sold |
Cost per unit |
Cost of Goods Sold |
# of units in ending inventory |
Cost per unit |
Ending Inventory |
|
Beg. Inventory |
8,000 |
$6.00 |
$48,000 |
4,000 |
$6.00 |
$24,000 |
2,000 |
$6.00 |
$12,000 |
2,000 |
$6.00 |
$12,000 |
- |
$6.00 |
$0 |
Purchases: |
|||||||||||||||
Jan-10 |
6,000 |
$7.00 |
$42,000 |
- |
$7.00 |
$0 |
- |
$7.00 |
$0 |
2,000 |
$7.00 |
$14,000 |
4,000 |
$7.00 |
$28,000 |
Jan-18 |
8,000 |
$8.00 |
$64,000 |
$8.00 |
$0 |
$8.00 |
$8.00 |
8,000 |
$8.00 |
$64,000 |
|||||
Total |
22,000 |
$154,000 |
4,000 |
$24,000 |
2,000 |
$12,000 |
4,000 |
$26,000 |
12,000 |
$92,000 |
Required information (The following information applies to the questions displayed below.) Ferris Company began January with...
Required information (The following information applies to the questions displayed below.) Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost $ 7 Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 8,000 14,000 Total Cost $ 42,000 64,000 106,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20...
Required information (The following information applies to the questions displayed below.) Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost* $ 7 Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 8,000 14,000 Total Cost $ 42,000 64,000 106,000 * Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan. 12 Jan. 20...
Required information [The following information applies to the questions displayed below.) Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 7,000 13,000 Purchases Unit Cost* $ 7 8 Total Cost $ 42,000 56,000 98,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan....
Required information (The following information applies to the questions displayed below.) Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost* $ 7 Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 8,000 14,000 Total Cost $ 42,000 64,000 106,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20...
Required information [The following information applies to the questions displayed below.] Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Units 6,000 8,000 Unit Cost* $ 7 Total Cost $ 42,000 64,000 Date of Purchase Jan. 10 Jan. 18 8 106,000 14,000 Totals *Includes purchase price and cost of freight. Sales Units 4,000 2,000 4,000 Date of Sale Jan. 5...
Required information The following information applies to the questions displayed below.] Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost* $ 7 Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 8,000 14,000 Total Cost $ 42,000 64,000 106,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20...
Required information (The following information applies to the questions displayed below.) Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost* $ 7 Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 8,000 14,000 Total Cost $ 42,000 64,000 106,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20...
Required information [The following information applies to the questions displayed below.] Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost* $ 7 8 Units 6,000 8,000 Total Cost $ 42,000 64,000 Date of Purchase Jan. 10 Jan. 18 14,000 106,000 Totals *Includes purchase price and cost of freight Sales Units 4,000 2,000 4,000 Date of Sale Jan. 5...
Required information [The following information applies to the questions displayed below.) Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $7. Merchandise transactions for the month of January are as follows: Purchases Unit Cost Date of Purchase Jan. 18 Jan. 18 Totals Units 3,000 4,000 7,000 Total Cost $24,000 36,000 60,000 * Includes purchase price and cost of freight Units Date of Sale Jan. 5 Jan. 12 Jan. 20 Total 2.000 1,000...
Required information [The following information applies to the questions displayed below.] Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January are as follows: Purchases Date of Purchase Units Unit Cost* Total Cost Jan. 10 5,000 $ 6 $ 30,000 Jan. 18 6,000 7 42,000 Totals 11,000 72,000 * Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 3,000 Jan....