Question: ('$) ('$) Unit Total Balance Date Explanation Units Cost Cost in Units Jun-01 Beginning inventory 50 1.0 50 50 Jun-06 Purchase 50 1.2 60 100
| ('$) | ('$) | ||||||
| Unit | Total | Balance | |||||
| Date | Explanation | Units | Cost | Cost | in Units | ||
| Jun-01 | Beginning inventory | 50 | 1.0 | 50 | 50 | ||
| Jun-06 | Purchase | 50 | 1.2 | 60 | 100 | ||
| Jun-10 | Sales | 30 | 70 | ||||
| Jun-13 | Purchase | 150 | 1.4 | 210 | 220 | ||
| Jun-20 | Purchase | 100 | 1.6 | 160 | 320 | ||
| Jun-25 | Purchase | 150 | 1.8 | 270 | 470 | ||
| Jun-30 | Sales | 240 | 230 |
Round your answer to the nearest dollar. (eg $54.4 ....input as 54 , $54.5 input as 55 )
(do not input comma "," , dollar sign "$" for numerical figures)
| FIFO | |
| Periodic System | |
| COGS | $[A] |
| Ending Inventory | $[B] |
| Average Cost | |
| Periodic System | |
| COGS | $[C] |
| Ending Inventory | $[D] |
| FIFO | |
| Perpetual System | |
| COGS | $[E] |
| Ending Inventory | $[F] |
| Average Cost | |
| Perpetual System | |
| COGS | $[G] |
| Ending Inventory | $[H] |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
