expand icon
book Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta cover

Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

النسخة 22الرقم المعياري الدولي: 978-0077862275
book Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta cover

Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

النسخة 22الرقم المعياري الدولي: 978-0077862275
تمرين 71
Laker Company reported the following January purchases and sales data for its only product.
Laker Company reported the following January purchases and sales data for its only product.     Required  The company uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using ( a ) specific identification, ( b ) weighted average, ( c ) FIFO, and ( d ) LIFO. (Round per unit costs and inventory amounts to cents.) For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required
The company uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using ( a ) specific identification, ( b ) weighted average, ( c ) FIFO, and ( d ) LIFO. (Round per unit costs and inventory amounts to cents.) For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
التوضيح
موثّق
like image
like image

From the reported purchases and sales of...

close menu
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
cross icon