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Acc 310 CH 8 HW - Brittney Ehrler ACC 310 Homework Brief...

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Brittney EhrlerACC 310 HomeworkBrief Exercises 8-5,8-6,8-7Amsterdam CompanyFor April, when the company sold 600 units, the following info is availableUnitsUnit CostTotal CostApril 1 Inventory250$10$2,500April 15 Purchase400124800April 23 Purchase3501345501000$11,850BE8-5Compute Apr 30 Inventory and Cost of Goods Sold using the avgcost methodWeighted Avg Cost per Unit$11850 / 1000=$11.85Inventory in Units600 unitsEnding Inventory600 X $11.85=$7,100Cost of Goods Available for Sale11850Less: Ending Inventory7100Cost of Goods Sold$4,740.00
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Term
Winter
Professor
NoProfessor
Tags
Goods Sold, FIFO and LIFO accounting

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