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A Beginning Inventory 5 Jan. 15 Purchase 5 Jan. 20 Purchase 7 Goods Available for Sale 3 Less: January Sales Ending Inventory 0 B 20 $ 27 33 80 36 44 C 20.00 $ 22.00 30.00 $ D 400.00 594.00 990.00 1,984.00

A Beginning Inventory 5 Jan. 15 Purchase 5 Jan. 20 Purchase 7 Goods Available for Sale 3 Less: January Sales Ending Inventory 0 B 20 $ 27 33 80 36 44 C 20.00 $ 22.00 30.00 $ D 400.00 594.00 990.00 1,984.00

FINANCIAL ACCOUNTING
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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Can you please show how to enter as a formula for excel

Beginning Inventory 5 Jan. 15 Purchase 5 Jan. 20 Purchase 7 Goods Available for Sale 3 Less: January Sales Ending Inventory _0 B 20 $ 27 33 80 36 44 C 20.00 $ 22.00 30.00 $ D 400.00 594.00 990.00 1,984.00
Transcribed Image Text:Beginning Inventory 5 Jan. 15 Purchase 5 Jan. 20 Purchase 7 Goods Available for Sale 3 Less: January Sales Ending Inventory _0 B 20 $ 27 33 80 36 44 C 20.00 $ 22.00 30.00 $ D 400.00 594.00 990.00 1,984.00
A B с 3 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 4 5 6 7 Jan. 20 Purchase 8 Jan. 15 Purchase 9 Description 0 1 2 3 Beginning Inventory 4 Jan. 15 Purchase 5 6 Description 0 1 2 Jan. 15 Purchase 3 4 Description FIFO Ending Inventory # of Units Beginning Inventory 44 FIFO Cost of Goods Sold # of Units 36 Cost per Unit 72) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 8 9 Cost per Unit 44 LIFO Ending Inventory # of Units Cost per Unit D Total Cost Total Cost Total Cost E
Transcribed Image Text:A B с 3 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 4 5 6 7 Jan. 20 Purchase 8 Jan. 15 Purchase 9 Description 0 1 2 3 Beginning Inventory 4 Jan. 15 Purchase 5 6 Description 0 1 2 Jan. 15 Purchase 3 4 Description FIFO Ending Inventory # of Units Beginning Inventory 44 FIFO Cost of Goods Sold # of Units 36 Cost per Unit 72) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 8 9 Cost per Unit 44 LIFO Ending Inventory # of Units Cost per Unit D Total Cost Total Cost Total Cost E
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