Chapter 8 discussion - 3 $90.00 $270.00 13 $1,070.00 13...

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Perpetual Inventory method Periodic Inve FIFO METHOD Date Units Per Unit Amt LIFO Date Units 1-Jan 10 $80.00 $800.00 1-Jan 10 1-Mar 5 $90.00 $450.00 1-Mar 5 1-Jul 5 $100.00 $500.00 1-Jul 5 1-Oct 5 $120.00 $600.00 1-Oct 5 1-Dec 5 $130.00 $650.00 1-Dec 5 30 $3,000.00 30 15-May 2  $90.00   $180.00  units sold for the year 5 20-Jul 3 $100.00  $300.00  5 30-Sep 1  $100.00   $100.00  3 10-Nov 4  $120.00   $480.00  15-Dec 3  $130.00   $390.00  13 $1,060.00 13 Ending Inventory 17 $1,940.00 Ending Inventory 17 FIFO METHOD Date Units Per Unit Amt FIFO Date Units 1-Jan 10 $80.00 $800.00 1-Jan 10 1-Mar 5 $90.00 $450.00 1-Mar 5 1-Jul 5 $100.00 $500.00 1-Jul 5 1-Oct 5 $120.00 $600.00 1-Oct 5 1-Dec 5 $130.00 $650.00 1-Dec 5 30 $3,000.00 30 15-May 2  $80.00  $160.00 20-Jul 3 $80.00 $240.00 units sold for the year 10 30-Sep 1  $80.00  $80.00 3 10-Nov 4  $80.00  $320.00 31-Dec
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Unformatted text preview: 3 $90.00 $270.00 13 $1,070.00 13 Ending Inventory 17 $1,930.00 Ending Inventory 17 Total units available for sale Total units available for sale Total units sold for the year Total units sold for the year Total units available for sale Total units available for sale Total units sold for the year Total units sold for the year entory method Per Unit Amt LIFO $80.00 $800.00 $90.00 $450.00 $100.00 $500.00 $120.00 $600.00 $130.00 $650.00 $3,000.00 $130.00 $650.00 $120.00 $600.00 $100.00 $300.00 $1,550.00 $1,450.00 Per Unit Amt FIFO $80.00 $800.00 $90.00 $450.00 $100.00 $500.00 $120.00 $600.00 $130.00 $650.00 $3,000.00 $80.00 $800.00 $90.00 $270.00 $1,070.00 $1,930.00...
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This note was uploaded on 12/13/2009 for the course ACCOUNTING ACCTG 50 taught by Professor B during the Fall '09 term at University of Phoenix.

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Chapter 8 discussion - 3 $90.00 $270.00 13 $1,070.00 13...

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