(REVISED) Pr.8-5 Pg.425 (Katie Lewis)

(REVISED) Pr.8-5 Pg.425 (Katie Lewis) - $- $- 3 Average...

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Katie Lewis Intermediate Accounting 1 2010/Winter Term Pr. 8-5 Pg. 425 Date Unit Cost 1,200 $3.00 1,200 7 700 500 10 600 $3.20 1,100 13 500 600 18 1,000 $3.30 300 1,300 20 1,100 200 23 1,300 $3.40 1,500 26 800 700 28 1,600 $3.50 2,300 31 1,300 1,000 5,700 4,700 1,000 1 First In, First Out Units 1,000 $3.5 $3,500 2 Last In, First Out Date Unit Cost 1,200 $3.00 1,200 7 700 500 10 600 $3.20 1,100 13 500 600 18 1,000 $3.30 300 1,300 20 1,100 200 23 1,300 $3.40 1,500 26 800 700 28 1,600 $3.50 2,300 31 1,300 1,000 Received, No. of Units Issued, No. of Units Balance, No. of Units January 2 Cost per unit Ending inventory Received, No. of Units Issued, No. of Units Balance, No. of Units January 2
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5,700 4,700 1,000 Ending inventory Date Units Cost per unit - $3.0 $- 23 - $3.4 $- 28 - $3.5 $- 1,000
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Unformatted text preview: $- $- 3 Average cost Date Unit Cost 1,200 $3.00 1,200 7 700 500 10 600 $3.20 1,100 13 500 600 18 1,000 $3.30 300 1,300 20 1,100 200 23 1,300 $3.40 1,500 26 800 700 28 1,600 $3.50 2,200 31 1,300 1,000 5,700 4,700 1,000 Cost per unit Ending inventory $3.6 PART B Ending in a Unit cost value FIFO $3.5 $3,500 LIFO $- $- Average cost $3.6 $3,619 There is no difference between the inventory values and cos Value of ending inventory January 2 Received, No. of Units Issued, No. of Units Balance, No. of Units January 2 $3.0 $3.0 $3.1 $3.1 $3.2 $3.2 $3.4 $3.4 $3.6 $3.6 Ending inventory $3,619 nventory b Unit cost value $3.6 $3,240 $3.4 $3,020 $3.5 $3,176 t under different methods. Moving average unit cost...
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(REVISED) Pr.8-5 Pg.425 (Katie Lewis) - $- $- 3 Average...

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