P8-4 - William Hubbard Intermediate Accounting 10-30-2009...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
William Hubbard Intermediate Accounting 10-30-2009 P8-4 (a) FIFO (1) Date Purchased Sold or Issued Balance .April 1 (100 @ $5.00) $500 (100 @ $5.00) $500 .April 4 (400 @ 5.10) 2,040 (100 @ $5.00) (400 @ 5.10) 2,540 .April 5 (100 @ $5.00) (200 @ 5.10) ($1,520) (200 @ 5.10) 1,020 .April 11 (300 @ 5.30) 1,590 (200 @ 5.10) (300 @ 5.30) 2,610 .April 12 (200 @ 5.10) ($1,020) (300 @ 5.30) 1,590.00 .April 18 (200 @ 5.35) 1,070 (300 @ 5.30) (200 @ 5.35) 2,660.00 .April 26 (600 @ 5.60) 3,360 (300 @ 5.30) (200 @ 5.35) (600 @ 5.60) 6,020.00 .April 27 (300 @ 5.30) (200 @ 5.35) (300 @ 5.60) ($4,340) (300 @ 5.60) 1,680.00 .April 28 (150 @ 5.60) ($840) (150 @ 5.60) 840.00 .April 30 (200 @ 5.80) 1,160 (150 @ 5.60) (200 @ 5.80) 2000 LIFO (2) Date Purchased Sold or Issued Balance .April 1 (100 @ $5.00) $500 (100 @ $5.00) $500 .April 4 (400 @ 5.10) 2,040 (100 @ 5.00) (400 @ 5.10) 2,540 .April 5 (300 @ $5.10) (100 @ 5.00) ($1,530) (100 @ 5.10) 1,010 .April 11 (300 @ 5.30) 1,590 (100 @ 5.00) (100 @ 5.10) (300 @ 5.30)
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

P8-4 - William Hubbard Intermediate Accounting 10-30-2009...

This preview shows document pages 1 - 2. Sign up to view the full document.

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