ACC410 E8-15 - E815 Nicole Negrad Page 419 Units 60 Jan 1,...

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Unformatted text preview: E815 Nicole Negrad Page 419 Units 60 Jan 1, 2010 Beg Inv Purchases: Jan. 5, 2010 Jan. 25, 2010 Feb. 16, 2010 March 26, 2010 March 1, 2010 physical inventory a.) 0 1,10 0 1,30 0 80 0 60 0 1,50 0 0 0 12.0 0 11.0 0 10.0 0 9.0 Unit Cost 8.0 ESPLANADE COMPANY Computation of Inventory for Product BAP Under FIFO Inventory Method March 31, 2010 Unit Units Cost Total Cost 60 12.0 $ March 26, 2010 0 0 7,200 80 11.0 8,80 February 16, 2010 0 0 0 January 25, 2010 (portion) 10 10.0 1,00 1 0 March 31, 2010, inventory b.) 1,500 0 0 $ 17,000 ESPLANADE COMPANY Computation of Inventory for Product BAP Under LIFO Inventory Method March 31, 2010 Unit Units Cost Total Cost 60 8.0 $ Jan 1, 2010 Beg Inv 0 0 4,800 90 9.0 8,10 January 5, 2010 (portion) 0 0 0 $ March 31, 2010, inventory 1,500 12,900 ESPLANADE COMPANY Computation of Inventory for Product BAP Under Weighted Average Inventory Method March 31, 2010 Unit Units Cost Total Cost 60 8.0 $ Beginning inventory 0 0 4,800 1,10 9.0 9,90 January 5, 2010 0 0 0 1,30 10.0 13,00 January 25, 2010 0 0 0 80 11.0 8,80 February 16, 2010 0 0 0 2 c.) 60 March 26, 2010 0 4,400 Weighted average cost ($43,700 ÷ 4,400) $ 9.93 0 12.0 0 $ 43,700 7,20 March 31, 2010, inventory $ 1,500 9.93 $ 14,898 3 ...
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ACC410 E8-15 - E815 Nicole Negrad Page 419 Units 60 Jan 1,...

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