Figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and Weighted Average Cost (Average Cost) Using the information below. Jacob's Footwear Inc. For the Month Ended January 31, 2022 Month Description Units Unit Cost Total Cost Jan. 1 - Beginning Inventory 300 $9 $2,700 Jan. 10 - Purchase 100 $8 $800 Jan. 15 - Purchase 200 $12 $2,400 Jan. 20 - Purchase 150 $11 $1,650 Jan. 25 - Purchase 250 $12 $3,000 Total 1,000 $10,550 The amount of units still left on-hand is 375.
Figure out what the Cost of Goods Sold is for the order placed for
- FIFO
- LIFO
- and Weighted Average Cost (Average Cost)
Using the information below.
Jacob's Footwear Inc.
For the Month Ended January 31, 2022
Month Description Units Unit Cost Total Cost
Jan. 1 - Beginning Inventory 300 $9 $2,700
Jan. 10 - Purchase 100 $8 $800
Jan. 15 - Purchase 200 $12 $2,400
Jan. 20 - Purchase 150 $11 $1,650
Jan. 25 - Purchase 250 $12 $3,000
Total 1,000 $10,550
The amount of units still left on-hand is 375.
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