# 6-1A - Beginning Inventory 5-Mar 18-Mar 25-Mar Units...

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Beginning Inventory100 Units @ 50\$5,000 5-Mar400 Units @ 55\$22,000 18-Mar120 Units @ 60\$7,200 25-Mar200 Units @ 62\$12,400 Units Available820 UnitsCost of Goods Available for Sale\$46,600
Units Available (from part 1)820 unitsLess: Units Sold (420+160)580 UnitsEnding Inventory (units)240 Units
FIFO PerpetualDateGoods PurchasedCost of Goods SoldInventory Balance1-Mar100 @ \$50.00 = \$5,000.005-Mar 400 @ \$55.00 = \$2200.00100 @ \$50.00400 @ \$55.00 \$27,000.00 9-Mar100 @ \$50.0080 @ \$55.00320 @ 55.00\$4,400.00\$22,600.00 18-Mar 120 @ \$60.00 = \$7200.0080 @ \$55.00120 @ \$60.00\$11,600.00 25-Mar 200 @ \$62.00 = \$12,400.0080 @ \$55.00120 @ \$60.00200 @ \$62.00\$24,000.00 29-Mar80 @ \$55.0040 @ \$60.0080 @ \$60.00200 @ \$62.00\$9,200.00 \$14,800.00 \$31,800.00
LIFO PerpetualDateGoods PurchasedCost of Goods SoldInventory Balance1-Mar100 @ \$50.00 = \$5,000.005-Mar 400 @ \$55.00 = \$2200.00100 @ \$50.00400 @ \$55.00 \$27,000.00 9-Mar400 @ \$55.0080 @ \$50.0020 @ \$50.00\$4,000.00 \$23,000.00 18-Mar 120 @ \$60.00 = \$7200.0080 @ \$50.00120 @ 60.00\$11,200.00 25-Mar 200 @ \$62.00 = \$12,400.0080 @ \$50.00120 @ \$60.00200 @ \$62.00\$23,600.00 29-Mar160 @ \$62.0080 @ \$50.00\$9,920.00 120 @ \$60.0040 @ \$62.00\$32,920.00 \$13,680.00
Weighted Average PerpetualDateGoods PurchasedCost of Goods SoldInventory Balance1-Mar100 @ \$50.00 = \$5,000.005-Mar 400 @ \$55.00 = \$2200.00100 @ \$50.00400 @ \$55.00\$27,000.00 (avg = \$54.00 per unit)9-Mar420 @ \$54.0080 @ \$54.00\$22,680.00
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Term
Winter
Professor
FOSTER
Tags
Harshad number, Goods Sold, FIFO and LIFO accounting, Specific Identification