CH07 FIFO Method Example.png

CH07 FIFO Method Example.png - Cost of the Merchandise Sold...

This preview shows page 1 out of 1 page.

Unformatted text preview: Cost of the Merchandise Sold Schedule First in, First Out Method Portable DVD Players Quantity Purchases |Purchases Cost of Cost of Date purchased unit cost Total Cost Quantity Merchandise |Merchandise Inventory Inventory Inventory (A) (B) (A x B) sold (A) Sold Unit Sold Total Quantity |Unit Cost |Total Cost Cost (B) Cost (A x B) (A) (B) (A x B) June 1 240 $78 $18,720 June 10 180 $78 $14.040 60 $78 $4.680 June 15 280 $80 $22.400 09 $78 089 tS 280 $80 $22,400 June 20 60 $78 $4.680 120 $80 $9.600 160 $80 $12,800 June 24 90 $80 $7,200 30 $80 $2,400 June 30 32 $86 $27,520 30 $80 $2.400 320 $86 $27,520 June 30 Balances $38.720 $29.920...
View Full Document

  • Fall '15
  • patricknance
  • Harshad number, Highly composite number, 1973, 1978, unit cost, cost of the merchandise

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern