Unit 5 Assignment 1.docx - u05a1 Template BUS4060Unit 5...

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u05a1 TemplateBUS4060—Unit 5 Assignment 1Problem 5-1A1. Compute cost of goods available for sale and units available for sale.Beginning inventory100 @ 50.005,000.00March5400 @ 55.0022,000.00March 18120 @ 60.007,200.00March 25200 @ 62.0012,400.00Units available820Cost of goods available for sale46,6002. Units in ending inventory.Units available820 unitsLess: Units sold580 unitsEnding Inventory240 units3a.FIFO perpetual.1
u05a1 TemplateDateGoods PurchasedCost of Goods SoldInventory BalanceMar.1Beginning Inventory[email protected]=5,000.00Mar.5[email protected][email protected]=5,000.00[email protected]=22,000.0027,000.00Mar.9420 = [email protected]=5,000.00[email protected]=17,600.00[email protected]=4,400.00Mar. 18[email protected][email protected]=4,400.00[email protected]=7,200.0011,600.00Mar. 25[email protected][email protected]=4,400.00[email protected]=7,200.00[email protected]=12,400.0024,000.00Mar. 29160 =[email protected]=4,400.00[email protected]=4,800.00[email protected]=2,400.00[email protected]=12,400.0014,800.00Totals31,800.0014,800.002
u05a1 Template3b.LIFO perpetual.DateGoods PurchasedCost of Goods SoldInventory BalanceMar.1Beginning Inventory[email protected]=5,000.00Mar.5[email protected][email protected]=5,000.00[email protected]=22,000.0027,000.00Mar.9420 =[email protected]=22,000.00[email protected]=1,000.00[email protected]=4,000.00Mar. 18[email protected][email protected]=4,000.00[email protected]=7,200.0011,200.00Mar. 25[email protected][email protected]=4,000.00[email protected]=7,200.00[email protected]=12,400.0023,600.00Mar. 29160 =[email protected]=9,920.00[email protected]=4,000.00[email protected]=7,200.00[email protected]=2,480.0013,680.00Totals32,920.0013,680.003
u05a1 Template3c.Weighted average perpetual.
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Term
Spring
Professor
MUTASEB
Tags
Goods Sold, FIFO and LIFO accounting, Goods Purchased, Mar

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