00 1 calculate number and cost of goods for sale date

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(1)Calculate number and Cost of Goods For Sale:DateUnitsUnit CostTotal Cost1-Jan Beginning1-Jan120$ 80.00 $ 9,600.00 15-Jan Purchase15-Jan38090.00 34,200.00 24-Jan Purchase24-Jan200110.00 22,000.00 Goods Available for Sale700$ 65,800.00 (2)Calculate number of Units in Ending InventoryDateUnitsUnit CostTotal Cost1-Jan Beginning1-Jan120$ 80.00 $ 9,600.00 15-Jan Purchase15-Jan38090.00 34,200.00 24-Jan Purchase24-Jan200110.00 22,000.00 Goods Available for Sale700$ 65,800.00 Goods Sold(240)Ending Inventory460(3)FIFODateUnitsUnit CostTotal Cost1-Jan Beginning1-Jan120$ 80.00 $ 9,600.00 15-Jan Purchase15-Jan38090.00 34,200.00 24-Jan Purchase24-Jan200110.00 22,000.00 Goods Available for Sale700$ 65,800.00 Goods Sold(240)Ending Inventory460LIFODateUnitsUnit CostTotal Cost1-Jan Beginning1-Jan120$ 80.00 $ 9,600.00 15-Jan Purchase15-Jan38090.00 34,200.00 24-Jan Purchase24-Jan200110.00 22,000.00 Goods Available for Sale700$ 65,800.00 Goods Sold(240)Ending Inventory460WEIGHTED AVERAGEDateUnitsUnit CostTotal Cost1-Jan Beginning1-Jan120$ 80.00 $ 9,600.00
15-Jan Purchase15-Jan38090.00 34,200.00 24-Jan Purchase24-Jan200110.00 22,000.00 Goods Available for Sale700$ 65,800.00 Goods Sold(240)Ending Inventory460
ed Average Coste CostFIFO#Unit Cost# ItemsCostSold120at 80.00 each120$ 9,600.00 LefSold120at 90.00 each12010,800.00 LefSold0at 110.00 each0- LefCost of Goods Sold (FIFO)240$ 20,400.00 End Inv = LIFO#Unit Cost# ItemsCostSold200at 110.00 each200$ 22,000.00 LefSold40at 90.00 each403,600.00

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