ACC 201 - Final Project Help 1.pdf - FIFO USE THIS ONE FOR THE SEPTEMBER ENTRIES Date Purchases 7-Sep 10 $ 6.00 $ 60.00 15-Sep 20-Sep 8 $ 20 $ 6.10 $ 2

ACC 201 - Final Project Help 1.pdf - FIFO USE THIS ONE FOR...

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FIFO USE THIS ONE FOR THE SEPTEMBER ENTRIES Date 7-Sep 10 6.00 $ 60.00 $ 10 6.00 $ 60.00 $ 7-Sep 15-Sep 8 6.00 $ 48.00 $ 2 6.00 $ 12.00 $ 20-Sep 20 6.10 $ 122.00 $ 2 6.00 $ 12.00 $ 15-Sep 20 6.10 $ 122.00 $ 22 134.00 $ 24-Sep 2 6.00 $ 12.00 $ 15-Sep 16 6.10 $ 97.60 $ 4 6.10 $ 24.40 $ 109.60 $ 30-Sep 25 6.05 $ 151.25 $ 4 6.10 $ 24.40 $ 20-Sep 25 6.05 $ 151.25 $ 29 175.65 $ 55 333.25 $ 26 157.60 $ 29 175.65 $ 24-Sep 24-Sep 30-Sep Purchases Sales Ending Inventory
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LIFO 7-Sep 7-Sep 10 6.00 $ 60.00 $ 10 6.00 $ 60.00 $ 15-Sep 8 6.00 $ 48.00 $ 2 6.00 $ 12.00 $ 15-Sep 20-Sep 20 6.10 $ 122.00 $ 2 6.00 $ 12.00 $ 20 6.10 $ 122.00 $ 22 134.00 $ 15-Sep 24-Sep 18 6.10 $ 109.80 $ 2 6.00 $ 12.00 $ 2 6.10 $ 12.20 $ 4 24.20 $ 20-Sep 30-Sep 25 6.05 $ 151.25 $ 2 6.00 $ 12.00 $ 2 6.10 $ 12.20 $ 25 6.05 $ 151.25 $ 24-Sep 29 175.45 $ 55 333.25 $ 26 157.80 $ 29 175.45 $ 24-Sep 30-Sep weighted average 7-Sep 7-Sep 10 6.00 $ 60.00 $ 10 6.00 $ $60 15-Sep 8 6.00 $ 48.00 $ 2 6.00 $ 12.00 $ Purchases Sales Ending Inventory Sales Purchases Ending Inventory
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15-Sep 20-Sep 20 6.10 $ 122.00 $ 2 6.00 $ 12.00 $ 20 6.10 $ 122.00 $ per unit 22 134.00 $ $6.09 15-Sep 24-Sep 18 6.09 $ 109.62 $ 4 24.38 $ 30-Sep 25 6.05 $ 151.25 $ 4 - $ 25 6.05 $ 151.25 $ 20-Sep 55 333.25 $ 26 157.62 29 151.25 $ $5.22 24-Sep 24-Sep 30-Sep
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Purchases Dr Cr 9/7: 10 bottles purchased at $6 Merchandise Inventory (10 x $6) 60.00 9/20: 20 bottles purchased at $6.10 Cash 60.00 9/30 : 25 bottles purchased at $6.05 Purchased inventory Sales – selling price, $8.50 a bottle 9/15: 8 bottles Cash (8 x $8.50) 68.00 9/24: 18 bottles Merchandise Sales 68.00 Record sale of inventory Cost of Goods Sold (8 X $6) 48.00
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  • Summer '15
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