X hits on this document

PDF document

Inventories: Measurement - page 10 / 10

28 views

0 shares

0 downloads

0 comments

10 / 10

Inventories: Measurement

Pepetual Inventory System, LIFO Cost Flow Assumption

Date

Transaction

Units

Price

Total

9/1/00 Beginning 9/10/00 Purchase

500 $11.00

$5,500

9/15/00 Sold

Cost of goods available

Cost of goods sold

Units

Price

Total

500 $11.00

$5,500

300

10.00

3,000

800

$8,500

Ending inventory

Units

Price

Total

, 2 000 $10.00

$20,000

2,000

$10.00

$20,000

500 $11.00

2,500 2,500

5,500 $25,500

$25,500

1,700

$10.00

$17,000

1,000 $12.50

$12,500

1,000 10.00

10,000

2,000

$22,500

1,000 $12.50

$12,500

1,500

$18,000 5,600

9/25/00 Purchase

9/30/00 Sold

9/30/00 Ending

1,700

$10.00

$17,000

1,000

$12.50

12,500

2,700

$29,500

$62,000

700 $10.00

$7,000

F:\Teaching\3321\web\module4\c8\tnotes\c8a.doc

3/12/2007

10

Document info
Document views28
Page views28
Page last viewedFri Dec 09 15:53:59 UTC 2016
Pages10
Paragraphs404
Words2656

Comments