Figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and Weighted Average Cost (Average Cost) Building 925 Purchase Schedule Date Item Units ordered Unit Price Total Cost Jan 1 Lanyards 100 $2 200 Jan 2 Tshirts 1000 $3 3000 Jan 3 Mugs 500 $2 1000 Jan 4 Hats 100 $3 300 Jan 5 Bags 1000 $1 1000 Total 2700 $5500 Sales Date Unit Unit Price Amount ordered Total Jan 10 Lanyard $4 100 $400 Tshirts $10 100 $1000 Total 200 $1400
Figure out what the Cost of Goods Sold is for the order placed for
- FIFO
- LIFO
- and Weighted Average Cost (Average Cost)
Building 925 Purchase Schedule
Date Item Units ordered Unit Price Total Cost
Jan 1 Lanyards 100 $2 200
Jan 2 Tshirts 1000 $3 3000
Jan 3 Mugs 500 $2 1000
Jan 4 Hats 100 $3 300
Jan 5 Bags 1000 $1 1000
Total 2700 $5500
Sales
Date Unit Unit Price Amount ordered Total
Jan 10 Lanyard $4 100 $400
Tshirts $10 100 $1000
Total 200 $1400
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