# u05a1_Schifflin.doc - u05a1 Schifflin BUS4060Unit 5...

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u05a1 Schifflin BUS4060—Unit 5 Assignment 1 Problem 5-1A 1. Compute cost of goods available for sale and units available for sale.
2. Units in ending inventory. Units available 820 units Less: Units sold 580 units Ending Inventory 240 units 3a. FIFO perpetual. =
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u05a1 Schifflin Mar. 25 200 Units @ \$62.00 = \$12,400.00 80 Units @ \$55.00 = \$4,400.00 120 Units @ \$60.00 = \$7,200.00 200 Units @ \$62.00 = \$12,400.00 Balance \$24,000.00 Mar. 29 80 Units @ \$55.00 = \$4,400.00 80 Units @ \$60.00 = \$4,800.00 Total \$9,200.00 40 Units @ \$60.00 = \$2,400.00 200 Units @ 62.00 = \$12,400.00 Balance \$14,800.00 Totals \$41,600.00 \$31,800.00 \$14,800.00 3b. LIFO perpetual. Date Goods Purchased Cost of Goods Sold Inventory Balance Mar. 1 100 Units @ \$50.00 Balance \$5,000.00 Mar. 5 400 Units @ \$55.00 = \$22,000.00 100 Units @ \$50.00 = \$5,000.00 400 Units @ 55.00 = \$22,000.00 Balance \$27,000.00 Mar. 9 400 [email protected] \$55.00 = \$22,000.00