Question: need the perpetual fifo for the entire table Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100
Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 QS 6-5 (Static) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are ass the FIFO method. Goods purchased Perpetual FIFO: Cost of Goods Sold Date # of units Cost per # of units sold unit Inventory Balance Cost per Inventory # of units unit Balance Cost per Cost of Goods unit Sold January 1 January 9 Total January 9 $ 0.00 January 25 Total January 25 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 QS 6-5 (Static) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are ass the FIFO method. Goods purchased Perpetual FIFO: Cost of Goods Sold Date # of units Cost per # of units sold unit Inventory Balance Cost per Inventory # of units unit Balance Cost per Cost of Goods unit Sold January 1 January 9 Total January 9 $ 0.00 January 25 Total January 25
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