Cost Flow - 1 100 95 95 5 2 120 105 105 15 5 3 125 117 117...

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Periodic Cost per unit Date BI Soda $1 1-Jan Plus Purch Coffee $2 14-Feb Minus EI Water $3 1-Apr COGS 5-May 1-Jul NI 1-Dec RE Goods Avail for Sale Average cost Cost Flow EI COGS FIFO $6 $12 LIFO (perp) $3 $15 LIFO (periodic) $2 $16 AVG (periodic) $4 $14 LCM- Allowance Method Yr1 Cost Mrkt LCM Allow Desired Bal Allow Unadj Bal
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Unformatted text preview: 1 100 95 95 5 2 120 105 105 15 5 3 125 117 117 8 15 4 135 140 135 8 Periodic X1 X2 BI Plus Purch Minus EI COGS NI RE Purchases Sales 3 $1 2 3 $2 1 3 $3 4 9 COGS 7 $18 EI 2 $2 Adj to Allow Journal Entry Inc 5 Loss Allowance Inc 10 Decr 7 Allowance Gain Decr 8...
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This note was uploaded on 10/02/2010 for the course ACCT 5457 taught by Professor Polm during the Spring '10 term at Rensselaer Polytechnic Institute.

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Cost Flow - 1 100 95 95 5 2 120 105 105 15 5 3 125 117 117...

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