Fifo_periodic

Fifo_periodic - 100 $130 $13,000 Cost of Goods Sold 1000...

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Fifo Example - Periodic Method Units Beginning Inventory 0 $0 Purchases 500 $100 $50,000 400 $125 $50,000 350 $130 $45,500 Available to sell 1250 $145,500 Ending Inventory -250 Sold 1000 Assumed Sold 500 $100 $50,000 400 $125 $50,000
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Unformatted text preview: 100 $130 $13,000 Cost of Goods Sold 1000 $113,000 or Goods Available 1250 $145,500-Ending Inventory-250 $130-$32,500 Cost of Goods Sold $113,000 Unit price Total price...
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This note was uploaded on 02/15/2012 for the course GERM 200 taught by Professor Kuhmar during the Spring '10 term at SUNY Albany.

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