9/30 in picture is 450.Calculate periodic FIFO ,preptual FIFO,Average prep,Average periodic? Inventory ValuationDateBeg. InventoryDHA Frames LimitedFrame InventoryUnits9/39/159/219/29Goods Available forSaleEnding InventoryCost of Goods Sold8003002502004001,9506001,350Rs/Unit22.0024.0025.0027.0028.00Total17,600.007,200.006,250.005,400.0011,200.00Date Sales Units9/19/109/30600300450

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9/30 in picture is 450.Calculate periodic FIFO ,preptual FIFO,Average prep,Average periodic?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

9/30 in picture is 450.Calculate periodic FIFO ,preptual FIFO,Average prep,Average periodic?

Inventory Valuation
Date
Beg. Inventory
DHA Frames Limited
Frame Inventory
Units
9/3
9/15
9/21
9/29
Goods Available for
Sale
Ending Inventory
Cost of Goods Sold
800
300
250
200
400
1,950
600
1,350
Rs/Unit
22.00
24.00
25.00
27.00
28.00
Total
17,600.00
7,200.00
6,250.00
5,400.00
11,200.00
Date Sales Units
9/1
9/10
9/30
600
300
450

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