acc 225 WEEK 6 CHECKPOINT

acc 225 WEEK 6 CHECKPOINT - DATE ACTIVITY...

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DATE ACTIVITY UNITS AQUIRED AT COST DEC 07 BEGINNING INVENTORY 10 UNITS @ $6 = $60 DEC 14 PURCHASES  20 UNITS @ $12 = 240 DEC 15 SALE 15 UNITS @ $14 = $21 DEC 21 PURCHASES  15 UNITS @ $14 = 210 45 UNITS      $510.00  15 UNITS    a.  FIFO DATE ACTIVITY 12/07 COST OF GOODS AVAILABLE FOR SALE 12/15 SOLD (15 @ $6 )  $90.00  ENDING INVENTORY COST OF GOODS SOLD  $90.00  b.  LIFO DATE ACTIVITY 12/07 COST OF GOODS AVAILABLE FOR SALE 12/15 SOLD (15 @ $14 )  $210.00  ENDING INVENTORY COST OF GOODS SOLD  $210.00  c.  Weighted Average DATE ACTIVITY 12/07 COST OF GOODS AVAILABLE FOR SALE 12/15 SOLD (15 @ $10)  $150.00  ENDING INVENTORY COST OF GOODS SOLD  $150.00  d.  Specific Identification DATE ACTIVITY 12/07 COST OF GOODS AVAILABLE FOR SALE 12/15 SOLD ( 8 @ $6 )  $48.00  12/15 SOLD (7 @ $12 )  $84.00  ENDING INVENTORY UNITS SOLD AT  RETAIL
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COST OF GOODS SOLD  $132.00 
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acc 225 WEEK 6 CHECKPOINT - DATE ACTIVITY...

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