Use the following data to prepare card store by using Fifo method, Lifo method and av. cost : 1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit. 2-2/7 Purchase ( 50 Junit in price (1100 )D. To unit . 3-7/8 Expend ( 40 Junit to the production. 4-11/9 purchase ( 35 Junit in price ( 1130 )D. To unit. 5-14/9 Expend ( 35 )unit to the production. 6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.
Use the following data to prepare card store by using Fifo method, Lifo method and av. cost : 1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit. 2-2/7 Purchase ( 50 Junit in price (1100 )D. To unit . 3-7/8 Expend ( 40 Junit to the production. 4-11/9 purchase ( 35 Junit in price ( 1130 )D. To unit. 5-14/9 Expend ( 35 )unit to the production. 6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 11P: Dollar-Value LIFO Retail Intella Inc. adopted the dollar-value retail LIFO method on January 1,...
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Question
![V:00 O %OTO O
a 4 ull Asiacell
2_53303922564...
->
Use the following data to prepare card store by using Fifo
method, Lifo method and av. cost :
1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit .
2-2/7 Purchase ( 50 )unit in price (1100 )D. To unit .
3-7/8 Expend ( 40 Junit to the production .
( 35 Jun
price ( 1130 )D. To
5-14/9 Expend ( 35 )unit to the production.
6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.
4-11/9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17a85ffc-a06b-46d5-9884-3600792bbcfc%2Fb3ab8d9c-9de7-4e51-bf46-3f3164477bed%2Fy3onf85_processed.jpeg&w=3840&q=75)
Transcribed Image Text:V:00 O %OTO O
a 4 ull Asiacell
2_53303922564...
->
Use the following data to prepare card store by using Fifo
method, Lifo method and av. cost :
1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit .
2-2/7 Purchase ( 50 )unit in price (1100 )D. To unit .
3-7/8 Expend ( 40 Junit to the production .
( 35 Jun
price ( 1130 )D. To
5-14/9 Expend ( 35 )unit to the production.
6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.
4-11/9
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