MU Acct 2037 Ch 19 HW Solution

MU Acct 2037 Ch 19 HW Solution - 19-15(1)Perpetual/FIFOCost...

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Unformatted text preview: 19-15(1)Perpetual/FIFOCost of Goods Sold 220 x $15=$3,300 (from beginning inventory) 100 x $15= 1,500 (from beginning inventory) 320$4,800Ending Inventory = Beginning Inventory + Purchases - Cost of Goods Sold = (400 x $15) + [(200 x $16) + (140 x $17)] - $4,800 = $6,780or 80 x $15 = $1,200 (from beginning inventory)200 x $16 = 3,200 (from July 6 purchase)140 x $17 = 2,380 (from July 21 purchase)420$6,780(2)Perpetual/LIFOCost of Goods Sold 200 x $16=$3,200 (from July 6 purchase) 20 x $15= 300 (from beginning inventory)100 x $17= 1,700 (from July 21 purchase)320$5,200Ending Inventory = Beginning Inventory + Purchases - Cost of Goods Sold= $6,000 + ($3,200 + $2,380) - $5,200= $6,380or 40 x $17=$ 680 (from July 21 purchase)380 x $15= 5,700 (from beginning inventory)420$6,38019-119-2...
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MU Acct 2037 Ch 19 HW Solution - 19-15(1)Perpetual/FIFOCost...

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