Week Four Assignment

Week Four Assignment - Exercise 6-3 Name Section D E F...

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Exercise 6-3 Name Anthony Arostegui Section ACCT 212 A B C D E F G H 5 Data Input Section: 6 Microsoft Corporation 7 No. of Cost per Total 8 Units Unit Cost 9 Oct. 1 Beginning inventory 5 $160 $800 10 Purchases: 11 Oct. 8 4 $160 $640 12 Oct. 15 11 $170 $1,870 13 Oct. 26 5 $180 $900 14 Oct. 31, Goods available 25 $4,210 15 Ending inventory (in units) 8 16 Average cost $168.40 17 Output Section: 18 Units Cost Amount 19 a. Specific unit cost 20 Three @ $160 3 $160 $480 21 Five @ $180 5 $180 $900 22 Ending inventory $1,380 23 Cost of goods sold--specific unit $2,830 24 25 Units Cost Amount 26 b. Ending inventory using average cost 27 Ending inventory 8 $168.40 $1,347 28 Cost of goods sold--average cost $2,863 29 30 Units Cost Amount 31 c. Ending inventory using FIFO 32 Oct. 1 5 $180 $900 33 Oct. 31 3 $170 $510 34 Ending inventory $1,410 35 Cost of goods sold--FIFO $2,800 36 37 Units Cost Amount 38 d. Ending inventory using LIFO 39 Oct. 31 8 $160 $1,280 41 Ending inventory $1,280 42 Cost of goods sold--LIFO $2,930 43 44 Part 2. 45
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Week Four Assignment - Exercise 6-3 Name Section D E F...

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