If the inventory of a particular model comprises one entire purchase plus a port
ID: 340875 • Letter: I
Question
If the inventory of a particular model comprises one entire purchase plus a portion at two different costs, enter the units PURCHASED MOST RECENTLY first. Dymac Appliances Cost of the Inventory- FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 30.00 V 94.00 V 87.001 A10 30.00 V B15 6 564.00 B15 E60 G83 134 M90 M90 Q70 Q70 Total 2. Determine the cost of the inventory on December 31 by the last-in, first-out method If the inventory of a particular model comprises one entire purchase plus a portion of an 87.00 51V | 137.00 | x 1 300.00X 9 228.00 V 2,052.00 13 66.00 | | | 858.00 | 139.00V 417.00 V 2 137.001 274.00 v 171.00 V1,197.00 v 161.00 X 161.00X $ 6,072.00 X at two different costs, enter the OLDEST units first. Check My Work All work saved. WEEK8- Financia...Explanation / Answer
FIFO Model Quantity Unit Cost Total Cost A10 4 33 132 A10 1 30 30 B15 6 94 564 B15 1 87 87 E60 5 65 325 G83 9 228 2052 J34 13 66 858 M90 3 139 417 M90 2 137 274 Q70 7 171 1197 Q70 1 166 166 Total 6102 LIFO Model Quantity Unit Cost Total Cost A10 4 27 108 A10 1 30 30 B15 7 90 630 E60 3 70 210 E60 2 60 120 G83 7 211 1477 G83 2 219 438 J34 12 56 672 J34 1 58 58 M90 2 117 234 M90 3 119 357 Q70 5 151 755 Q70 3 161 483 Total 5572