# U5A1.doc - u05a1 Template BUS4060Unit 5 Assignment 1...

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u05a1 Template 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 (420+160) Ending Inventory 240 units 3a. FIFO perpetual.
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u05a1 Template = 24,000.00 Mar. 29 [email protected] 50.00=0 [email protected] \$55.00 = \$4,400.00 [email protected] \$60.00 = \$4,800.00 [email protected] 62.00=0 = \$9,200.00 [email protected] 50.00 [email protected] 55.00 [email protected] 60.00 = 2,400.00 [email protected] 62.00 = 12,400.00 \$14,800.00 Totals \$31,800.00 \$14,800.00 2
u05a1 Template 3b. LIFO perpetual. Date Goods Purchased Cost of Goods Sold Inventory Balance Mar. 1 [email protected] \$50.00 = \$5,000.00 Mar. 5 [email protected] \$55.00 100 @ \$50.00 = \$5,000.00 400 @ \$55.00 = 22,000.00 \$27,000.00 Mar. 9 20 @ \$50.00 = \$1,000.00 400 @ \$55.00 = 22,000.00 \$23,000.00 80 @ \$50.00 = \$4,000.00 [email protected] \$55.00 = \$4,000.00 Mar. 18 [email protected] \$60.00 80 @ \$50.00 = \$4,000.00 [email protected] \$55.00 120 @ \$60.00 = 7,200.00 \$11,200.00 Mar. 25 [email protected] \$62.00 80 @ \$50.00 = \$4,000.00 0 @ \$55.00 120 @ \$60.00 = 7,200.00 200 @ \$62.00 12,400.00 \$23,600.00 Mar. 29 [email protected] \$50.00 = 0 [email protected] \$55.00 = 0 [email protected] \$60.00 = 0 [email protected] \$62.00 = \$9,920 [email protected] \$50.00 = \$4,000.00 [email protected] \$55.00 = 0 [email protected] \$60.00 = \$7,200.00 [email protected] @62.00 = 2,480.00 \$13,680.00 Totals \$32,920.00