Inventory Costing Examen

Inventory Costing Examen - Jazmín Andícula ID 0910010464...

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Unformatted text preview: Jazmín Andícula f0e24653478dfd0cc57aaa47007f3e2a03d0a8c9.xlsx ID 0910010464 Jazmín andícula 1st Part COST OF GOOD AVAILABLE FOR SALE Date Explanation Unit 1-May Beginning Inventory 20 $5.00 $100.00 10-May Purchased 20 $8.00 $160.00 18-May Purchased 10 $9.00 $90.00 30-May Purchased 10 $10.00 $100.00 Total 60 $450.00 31-May Cost of good available for sale $450.00 Unit available 60 Unit Sold-30 31-May Total unit 30 LIFO ENDING INVENTORY Date Unit 1-May 20 $5.00 $100.00 10-May 10 $8.00 $80.00 Total 30 $180.00 Cost of good available for sale $450.00 Less: Ending Inventory $(180.00) Cost of good sold $270.00 Journal Entry 31-May Cost of good sold $270.00 Merchindase Inventory $270.00 *Ending Inventory under LIFO Unit Cost Total Cost Unit Cost Total Cost Jazmín Andícula 2nd Part COST OF GOOD AVAILABLE Date Explanation Unit Unit Cost Total Cost Unit Sold Unit Cost Price 1-Mar Beginning Inventory 100 $40.00 $4,000.00 3-Mar Purchase 60 $50.00 $3,000.00 4-Mar Sales 70 $80.00 $5,600.00 10-Mar Purchase...
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Inventory Costing Examen - Jazmín Andícula ID 0910010464...

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