Please help! Please help! 580 unitsg s1e5 per unit Mar. 9 Sales Mar. 18 Purchase
ID: 2398938 • Letter: P
Question
Please help! Please help! 580 unitsg s1e5 per unit Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 280 units $88 per unit 368 units $82 per unit 320 units $115 per unit 820 units Totals 1,308 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase, the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 3 fication. (Rou 3. Compute the cost assigned to ending your average cost per unit to 2 decimal places.) inventory using( FFO?LFO ?weighted average, and al Periodic FIFOCost of Goods Avalilabile tor Sale Ending Inventory Cost of Goods Sold | # of units . Cost per Cost of cost per : Goods s of unitsAvailable sold cost of #ot units cost per: Goodslinending, unit | Ending Inventory Sold inventory for Sale $ 70 001 s 12.500 180 $ 70 00 s 12.600 0.00s 0S 0.00 5 0.00 S 000 400 75 00 36,000 Uarch 5 March 18 tarch 25 400 S 75.00 36 000 8000 22.400 ss 82 0029 520 s 000 ere to searchExplanation / Answer
Cost of Good available for sale Cost of Good sold Ending Inventory Periodic FIFO No. of units Cost per unit Cost of goods available for sale' No. of units Cost per unit Cost of good sold No. of units in ending inventory Cost per unit Ending Inventory Beginning Inventory 180 70 12600 180 70 12600 Purchases 5-Mar 480 75 36000 480 75 36000 18-Mar 280 80 22400 160 80 12800 120 80 9600 25-Mar 360 82 29520 360 82 29520 Total 1300 100520 820 61400 480 39120 LIFO Cost of Good available for sale Cost of Good sold Ending Inventory Periodic FIFO No. of units Cost per unit Cost of goods available for sale' No. of units Cost per unit Cost of good sold No. of units in ending inventory Cost per unit Ending Inventory Beginning Inventory 180 70 12600 180 70 12600 Purchases 5-Mar 480 75 36000 180 75 13500 300 75 22500 18-Mar 280 80 22400 280 80 22400 25-Mar 360 82 29520 360 82 29520 Total 1300 100520 820 65420 480 35100 c) weighted avg Cost of Good available for sale Cost of Good sold Ending Inventory Periodic FIFO No. of units Cost per unit Cost of goods available for sale' No. of units Cost per unit Cost of good sold No. of units in ending inventory Cost per unit Ending Inventory Beginning Inventory 180 70 12600 Purchases 5-Mar 480 75 36000 18-Mar 280 80 22400 25-Mar 360 82 29520 820 77.32 63402 480 77.32 37114 Total 1300 100520 820 63402 480 37113.6 Weighted cost 100520/1300 77.32 d) Cost of Good available for sale Cost of Good sold Ending Inventory Specific identification No. of units Cost per unit Cost of goods available for sale' No. of units Cost per unit Cost of good sold No. of units in ending inventory Cost per unit Ending Inventory Beginning Inventory 180 70 12600 90 70 6300 90 70 6300 Purchases 5-Mar 480 75 36000 410 75 30750 70 75 5250 18-Mar 280 80 22400 120 80 9600 160 80 12800 25-Mar 360 82 29520 200 82 16400 160 82 13120 Total 1300 100520 820 63050 480 37470