Ch07P3B - $- $- LIFO Purchases Sales Date Units Cost Total...

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

View Full Document Right Arrow Icon
Problem 7-3B 1) Using a perpetual inventory system determine: 1) The Denney Company FIFO Income Statement Comparing FIFO,LIFO and Weighted-Average Cost For The Year Ended December 31 2005 FIFO LIFO Purchases Sales Date Units Cost Total Units Cost Total Revenues Cost of goods sold Gross profit Operating Expenses Net Income Totals
Background image of page 1

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

View Full DocumentRight 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 DocumentRight 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: $- $- LIFO Purchases Sales Date Units Cost Total Units Cost Total Totals $- $- Weighted Average Purchases Sales Weighted Average Date Units Cost Total Units Cost Total Totals $- $- Balance Units Cost Total $- Balance Units Cost Total $- Balance Units Cost Total $-...
View Full Document

Page1 / 4

Ch07P3B - $- $- LIFO Purchases Sales Date Units Cost Total...

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