Show Me How 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 75 units at $74 56 u
ID: 2509381 • Letter: S
Question
Show Me How 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 75 units at $74 56 units 32 units at $78 25 units 19 units 38 units at $81 a. Determine the cost of the goods sold and the in different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, it units are in inventory at twe Inventory Unit Cost column, Cost of the Goods Soid Schedule First-in, First-out Method ory Quantity Inventory Unit Cost Inventory Total Cost Nov. 10 56 Nov. 15 78 19 v 1406 Nov. 20 Nov. 24 Nov. 30 Check My Work Previous NextExplanation / Answer
Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 75 74 5550 Nov. 10 56 74 4144 19 74 1406 Nov. 15 32 78 2496 19 74 1406 32 78 2496 Nov. 20 19 74 1406 26 78 2028 6 78 468 Nov. 24 19 78 1482 7 78 546 Nov. 30 38 81 3078 7 78 546 38 81 3078 Nov. 30 Balances 7500 3624