Question: Davidson Electronics has the following data available Date Explanation Units Unit cost Total Cost 1 st of January 2012 Beginning inventory 5,000 SR 8 SR

Davidson Electronics has the following data available

Date

Explanation

Units

Unit cost

Total Cost

1st of January 2012

Beginning inventory

5,000

SR 8

SR 40,000

2nd April

Purchases

1,5000

SR 10

150,000

28th August

Purchases

20,000

SR 12

240000

Total

40,000

430,000

Requirement: Ending inventory of the company is 5,000 units. Find the Costs of goods sold for the company through FIFO, LIFO and Average method.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Baulson Electronics has the following data available. Date Explanation Units Unit cost Total Cost 5,000 SRE 1" of January Beginning SR 40,000 2012 inventory 2 April 28 Purchases 1,5000 SR 10 150,000...

Q:

please help me Problem 7: Kyota Distribution markets CDs of the performing artists. Following information is available for the company, Date Explanation Units Unit cost Total Cost 1" of March 2012...

Q:

AutoSave O OFF A A . G ... Chapter 6 A ESTUDIANTES Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Liberation Sans v 12 AA ap Wrap Text v General Insert Ex AP- O. Ex...

Q:

Problem 7: Kyota Distribution markets CDs of the performing artists. Following information is available for the company. Date Explanation Units Unit cost Total Cost 1st of March Beginning 15,00 SR 7...

Q:

please help with the attached. Betty's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Betty's purchases of Xpert snowboards during September is...

Q:

P5-3A Presented here are selected transactions for Norlan Inc. during September of the current year. Norlan uses a perpetual inventory system. Sept. 2 Purchased equipment on account for $65,000,...

Q:

P5-3A Presented here are selected transactions for Norlan Inc. during September of the current year. Norlan uses a perpetual inventory system. Sept. 2 Purchased equipment on account for $65,000,...

Q:

P5-3A Presented here are selected transactions for Norlan Inc. during September of the current year. Norlan uses a perpetual inventory system. Sept. 2 Purchased equipment on account for $65,000,...

Q:

Calculale vendry sold using three cost a perpetual inventor *5.6.17 (LO5) Kaleta Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200...

Q:

Hi, this is accounting questions can you solve for me please. thanks Practice Final Exam for Revision purposes Part A Problem Solving QUESTION 1 (10 marks) The following transactions occurred during...

Q:

Air (assumed to be 79% nitrogen and 21% oxygen) is heated in an SSSF process at a constant pressure of 100 kPa, and some NO is formed. At what temperature will the mole fraction of N .O be 0.001?

Q:

An alpha particle (charge +2e) and an electron move in opposite directions from the same point, each with the speed of 2.50 X 105 m/s (Fig). Find the magnitude and direction of the total magnetic...

Q:

*23. A close friend of yours, who is a history major and who has not had any college courses or experience in business, is receiving the financial statements from companies in which he has minor...

Q:

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

Q:

c. What groups were least represented? Why do you think this is so?

Q:

7. Describe phases of multicultural identity development.

Q:

1. Stereotypes in Your Life. List some of the stereotypes you have heard about U.S. Americans. Then answer the following questions: