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compute highlighted cells using the LIFO method A B E F G Units in Cost per unit Total cost Units H Selling Total Sales price per K unit 6 January 01 Beginning inventory 210 $13.50 $2,835.00 7 January 10 Sales 160 $22.50 $3,600.00 8 January 20 Purchase 150 $12.50 $1,875.00 9 January 25 Sales 180 $22.50 $4,050.00 10 January 30 11 Purchase Totals 340 $12.00 $4,080.00 700 $8,790.00 340 $7,650.00 12 13 Perpetual LIFO 14 Units available Cost of Goods Sold - Jan 10 Units Cost Cost of per unit goods sold Cost of Goods Sold - Jan 25 Units Cost Cost of Ending Inventory Units Cost Invento per unit goods sold per unit 15 210 units from beginning inventory $13.50 $13.50 $13.50 16 150 units purchased on January 20 $12.50 $12.50 $12.50 17 340 units purchased on January 30 $12.00 $12.00 $12.00 18 Totals 0 $0.00 ° $0.00 ° $0 19 an

compute highlighted cells using the LIFO method A B E F G Units in Cost per unit Total cost Units H Selling Total Sales price per K unit 6 January 01 Beginning inventory 210 $13.50 $2,835.00 7 January 10 Sales 160 $22.50 $3,600.00 8 January 20 Purchase 150 $12.50 $1,875.00 9 January 25 Sales 180 $22.50 $4,050.00 10 January 30 11 Purchase Totals 340 $12.00 $4,080.00 700 $8,790.00 340 $7,650.00 12 13 Perpetual LIFO 14 Units available Cost of Goods Sold - Jan 10 Units Cost Cost of per unit goods sold Cost of Goods Sold - Jan 25 Units Cost Cost of Ending Inventory Units Cost Invento per unit goods sold per unit 15 210 units from beginning inventory $13.50 $13.50 $13.50 16 150 units purchased on January 20 $12.50 $12.50 $12.50 17 340 units purchased on January 30 $12.00 $12.00 $12.00 18 Totals 0 $0.00 ° $0.00 ° $0 19 an

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.7C
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compute highlighted cells using the LIFO method A B E F G Units in Cost per unit Total cost Units H Selling Total Sales price per K unit 6 January 01 Beginning inventory 210 $13.50 $2,835.00 7 January 10 Sales 160 $22.50 $3,600.00 8 January 20 Purchase 150 $12.50 $1,875.00 9 January 25 Sales 180 $22.50 $4,050.00 10 January 30 11 Purchase Totals 340 $12.00 $4,080.00 700 $8,790.00 340 $7,650.00 12 13 Perpetual LIFO 14 Units available Cost of Goods Sold - Jan 10 Units Cost Cost of per unit goods sold Cost of Goods Sold - Jan 25 Units Cost Cost of Ending Inventory Units Cost Invento per unit goods sold per unit 15 210 units from beginning inventory $13.50 $13.50 $13.50 16 150 units purchased on January 20 $12.50 $12.50 $12.50 17 340 units purchased on January 30 $12.00 $12.00 $12.00 18 Totals 0 $0.00 ° $0.00 ° $0 19 an
Transcribed Image Text:compute highlighted cells using the LIFO method A B E F G Units in Cost per unit Total cost Units H Selling Total Sales price per K unit 6 January 01 Beginning inventory 210 $13.50 $2,835.00 7 January 10 Sales 160 $22.50 $3,600.00 8 January 20 Purchase 150 $12.50 $1,875.00 9 January 25 Sales 180 $22.50 $4,050.00 10 January 30 11 Purchase Totals 340 $12.00 $4,080.00 700 $8,790.00 340 $7,650.00 12 13 Perpetual LIFO 14 Units available Cost of Goods Sold - Jan 10 Units Cost Cost of per unit goods sold Cost of Goods Sold - Jan 25 Units Cost Cost of Ending Inventory Units Cost Invento per unit goods sold per unit 15 210 units from beginning inventory $13.50 $13.50 $13.50 16 150 units purchased on January 20 $12.50 $12.50 $12.50 17 340 units purchased on January 30 $12.00 $12.00 $12.00 18 Totals 0 $0.00 ° $0.00 ° $0 19 an
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