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P6-8 lifo fifo - Description Beg Inv Purchase Sale Sale...

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Purchases Sales 3,200 2,200 1,800 2,600 Description Qty Price Revenue 20 22 24 26 QTY $ Value Beg Inv 160 160 Beg Inv 160 3,200 Purchase 100 100 Purchase 275 6,600 Sale (180) 40 (7,200) (80) (100) PR & A (15) (360) Average 22.48 Sale Return 10 40 400 10 TGAFS 420 9,440 End Inv 80 Purchase 75 75 End Inv (80) (1,600) Value EI 1,798 Purchase Return (15) (15) COGS 340 7,840 COGS 7,642 Sale (50) 45 (2,250) (50) Purchase 100 100 Sale (120) 50 (6,000) (10) (10) (100) Ending Inventory 80 (15,050) 80 - - - Sales (periodic) - Qty of EI 80 - - - Price per unit 20 22 24 26 Value of EI 1,600 - - - Periodic Perpetual FIFO LIFO AVE FIFO LIFO Sales Revenue (15,050) (15,050) (15,050) (15,050) (15,050) (15,050) COGS 7,840 7,360 7,840 7,682 7,360 7,840 Gross Profit (7,210) (7,690) (7,210) (7,368) (7,690) (7,210) EI 1,600
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Purchases Sales 560 1,600 540 400 Description Qty Price Revenue 14 16 18 20 QTY $ Value Beg Inv 40 40 Beg Inv 40 560 Purchase 100 100 Purchase 150 2,540 Sale (75) (75) PR & A (5) (90) Sale Return 10 10 TGAFS 185 3,010 Purchase 30 30 End Inv (40) (680) Purchase Return (5) (5) COGS 145 2,330 Sale (80) (20) (35) (25) Purchase 20 20 Ending Inventory 40 - 20 - - 20 Average 16.27 Sales (periodic) End Inv 40 Qty of EI 20 - - 20 Value EI 651 Price per unit 14 16 18 20 COGS 2,359 Value of EI 280 - - 400 Periodic Perpetual FIFO LIFO AVE FIFO LIFO Sales Revenue - - - - - - COGS 2,330 2,250 2,450 2,359 2,250 2,330 Gross Profit 2,330
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