Wk3 D2 - E6-20 (15-20 min.) FIFO $1,650 LIFO $1,650 Sales...

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Unformatted text preview: E6-20 (15-20 min.) FIFO $1,650 LIFO $1,650 Sales revenue Cost of goods sold: FIFO LIFO Average Gross profit 900 1,020 $750 $630 AVG. $1,650 1,013 $638 E6-26 (10-15 min.) Beginning Inventory Net Purchases COG Available Estimated COG Sold Sales Revenue Less: Estimated Gross Profit of 40% Estimated COG Sold Estimated Cost of Ending Inventory $1,000,000 (400,000) 150,000 800,000 950,000 $1,000,000 (400,000) 600,000 350,000 ...
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This note was uploaded on 04/20/2011 for the course ACC 205 taught by Professor Robertcarr during the Spring '10 term at Ashford University.

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Wk3 D2 - E6-20 (15-20 min.) FIFO $1,650 LIFO $1,650 Sales...

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