Having trouble with this problem, everytime i think i have the answer all of the

Question

Having trouble with this problem, everytime i think i have the answer all of the numbers don't fit in the chart. can anybody help me out with this?

21. Beginning inventory, purchases, and sales data for widgets are as follows: (10 points) April 3 Invento 15 units 12 units 18 units 7 units 10 units S3 S27 11 Purchase 14 Sale 21 Purchase 25 Sale $25 Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO Cost of Merchandise Purchases Sold Inventory Unit Total UnitTotal Unit Total Date Qty.CostCostQty.Cs Cost Qty.Cost Cost Total cost of Ending nventory value erchandise sold

Explanation / Answer

LIFO DATE Cost of goods available for sale Cost of Goods sold Closing inventory Units Rate Amount Units Rate Amount Units Rate Amount Beginning Inventory 15 30 450 15 30 450 11-Apr 12 27 324 15 30 450 12 27 324 14-Apr 12 27 324 6 30 180 9 30 270 21-Apr 7 25 175 9 30 270 7 25 175 25-Apr 7 25 175 3 30 90 6 30 180 TOTAL 28 769 6 180 Cost of Merchandise Sold $769 Ending Inventory $180

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.