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

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