Chapter 08 - In Class Exercises - Solutions

# Chapter 08 - In Class Exercises - Solutions - Chapter 8...

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Chapter # 8 In-Class Exercises Page 4 of 6 Chapter 08 - In-Class Exercises.doc - 05/12/05) Exercise #2 Periodic FIFO: COGS: Ending Inventory: Units Cost Total Units Cost Total 400 4.00 \$ 1,600 \$ 600 4.50 \$ 2,700 \$ 1,300 4.10 \$ 5,330 \$ 500 4.75 \$ 2,375 \$ 800 4.30 \$ 3,440 \$ 1,100 5,075 \$ 700 4.40 \$ 3,080 \$ 600 4.50 \$ 2,700 \$ 3,800 16,150 \$ Periodic LIFO: COGS: Ending Inventory: Units Cost Total Units Cost Total 500 4.75 \$ 2,375 \$ 700 4.10 \$ 2,870 \$ 1,200 4.50 \$ 5,400 \$ 400 4.00 \$ 1,600 \$ 700 4.40 \$ 3,080 \$ 1,100 4,470 \$ 800 4.30 \$ 3,440 \$ 600 4.10 \$ 2,460 \$ 3,800 16,755 \$ Weighted Average (Periodic) Total Available: COGS: Units Cost Total Units Cost Total 400 4.00 \$ 1,600 \$ 3,800 4.3316 \$ 16,460 \$ 1,300 4.10 \$ 5,330 \$ 800 4.30 \$ 3,440 \$ Ending Inventory: 700 4.40 \$ 3,080 \$ Units Cost Total 1,200 4.50 \$ 5,400 \$ 1,100 4.3316 \$ 4,765 \$ 500 4.75 \$ 2,375 \$ 4,900 21,225 \$ Average Cost 4.3316 \$

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Chapter # 8 In-Class Exercises Page 5 of 6 Chapter 08 - In-Class Exercises.doc - 05/12/05) Exercise #2 (continued)
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## This note was uploaded on 01/20/2011 for the course ACC 301 taught by Professor Staff during the Fall '08 term at Kentucky.

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Chapter 08 - In Class Exercises - Solutions - Chapter 8...

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