Ch07E1 - Totals GROSS PROFIT CALCUL FIFO s Sales Balance...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 7-1 Parfour Inc. Jan. 1 Beginning inventory 100 units @ $10 = $1,000 Purchases Mar. 14 Purchases 250 units @ 15 = 3,750 Date Units Cost July 30 Purchases 400 units @ 20 = 8,000 Totals 750 $12,750 Jan. 10 Sales 90 units @ $40 Mar. 15 Sales 140 units @ 40 Oct. 5 Sales 300 units @ 40 Total sold 530 units @ 40 Totals 0 Purchases Date Units Cost Totals 0 Purchases Date Units Cost
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Totals GROSS PROFIT CALCUL FIFO s Sales Balance Total Units Cost Total Units Cost Total $- $- $- LIFO s Sales Balance Total Units Cost Total Units Cost Total $- $- $- Weighted Average s Sales Balance Total Units Cost Total Units Cost Total $- $- $- ATIONS UNDER FIFO, WEIGHTED AVERAGE & LIFO...
View Full Document

{[ snackBarMessage ]}

Page1 / 4

Ch07E1 - Totals GROSS PROFIT CALCUL FIFO s Sales Balance...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online