Better Bottles, Inc., uses a periodic inventory system and has the following information availa Description Beginning Inventory Cost per Unit Total Cost 20 27 # of Units $20.00 $400.00 Jan. 15 Purchase 22.00 594.00 Jan. 20 Purchase 33 30.00 990.00 80 36 44 Goods Available for Sale $1,984.00 Less: January Sales Ending Inventory Required: 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. (Use cells A4 to D10 from the given information to complete this question.) FIFO Ending Inventory Description # of Units Cost per Unit Total Cost Jan. 20 Purchase Jan. 15 Purchase 44
Better Bottles, Inc., uses a periodic inventory system and has the following information availa Description Beginning Inventory Cost per Unit Total Cost 20 27 # of Units $20.00 $400.00 Jan. 15 Purchase 22.00 594.00 Jan. 20 Purchase 33 30.00 990.00 80 36 44 Goods Available for Sale $1,984.00 Less: January Sales Ending Inventory Required: 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. (Use cells A4 to D10 from the given information to complete this question.) FIFO Ending Inventory Description # of Units Cost per Unit Total Cost Jan. 20 Purchase Jan. 15 Purchase 44
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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fx Accessibility tab summary: Financial information for Better Bottles, Incorporated, is presented in cells A4 to D10. A statement for requiren
A
В
C
E
F
H.
I
1
2
Better Bottles, Inc., uses a periodic inventory system and has the following information available:
3
# of Units
Cost per Unit
Total Cost
Description
Beginning Inventory
4
20
$20.00
$400.00
6.
Jan. 15 Purchase
27
22.00
594.00
7
Jan. 20 Purchase
33
30.00
990.00
8
Goods Available for Sale
80
$1,984.00
9.
Less: January Sales
36
10 Ending Inventory
44
11
12 Required:
13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO.
14
15 (Use cells A4 to D10 from the given information to complete this question.)
16
FIFO Ending Inventory
# of Units
17
18
Description
Cost per Unit
Total Cost
19 Jan. 20 Purchase
20 Jan. 15 Purchase
21
44
22
23
FIFO Cost of Goods Sold
24
# of Units
Total Cost
Description
25 Beginning Inventory
Cost per Unit
26 Jan. 15 Purchase
27
36
28
A Graded Worksheet
Calculation Mode: Automatic
Workbook Statistics](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb55c1690-4c18-4793-9129-6cd04f8390e3%2F25ac909f-e824-4b81-924a-817ab181063a%2F9bmsh6l_processed.png&w=3840&q=75)
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SAM SAM - Login
C Ashcroft 72"...
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how to avoid..
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Excel
McGraw Hill Excel Question - Saved
Search (Option + Q)
File
Home
Draw
Formulas
Data
Review
View
Help
O Editing
Insert
w/11 v B
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Calibri
ab
General
.00
A1
fx Accessibility tab summary: Financial information for Better Bottles, Incorporated, is presented in cells A4 to D10. A statement for requiren
A
В
C
E
F
H.
I
1
2
Better Bottles, Inc., uses a periodic inventory system and has the following information available:
3
# of Units
Cost per Unit
Total Cost
Description
Beginning Inventory
4
20
$20.00
$400.00
6.
Jan. 15 Purchase
27
22.00
594.00
7
Jan. 20 Purchase
33
30.00
990.00
8
Goods Available for Sale
80
$1,984.00
9.
Less: January Sales
36
10 Ending Inventory
44
11
12 Required:
13 1) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO.
14
15 (Use cells A4 to D10 from the given information to complete this question.)
16
FIFO Ending Inventory
# of Units
17
18
Description
Cost per Unit
Total Cost
19 Jan. 20 Purchase
20 Jan. 15 Purchase
21
44
22
23
FIFO Cost of Goods Sold
24
# of Units
Total Cost
Description
25 Beginning Inventory
Cost per Unit
26 Jan. 15 Purchase
27
36
28
A Graded Worksheet
Calculation Mode: Automatic
Workbook Statistics
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