Chapter 16.I, Problem 5RE

(a)

To determine

To calculate: The total alarm system available for sale of First Alarm Security Corporation.

$\begin{array}{cccc}& \begin{array}{l}\text{First Alarm Security Corporation}\\ \text{Burglar Alarm Security Inventory}\end{array}& & \\ \text{Date}& \text{Units}& \text{Cost per Unit}& \text{Total Cost}\\ \text{Beginning Inventory, January 1}& 235& \$140.00& \_\_\_\_\_\\ \text{Purchase, March 10}& 152& 143.50& \_\_\_\_\_\\ \text{Purchase,May 16}& 135& 146.80& \_\_\_\_\_\\ \text{Purchase, October 9}& 78& 150.00& \_\_\_\_\_\\ \text{Alarm Security Available for Sale}& & \text{Cost of Goods Available for sale}& \end{array}$

(b)

To determine

To calculate: The total cost available for sale of First Alarm Security Corporation.

$\begin{array}{cccc}& \begin{array}{l}\text{First Alarm Security Corporation}\\ \text{Burglar Alarm Security Inventory}\end{array}& & \\ \text{Date}& \text{Units}& \text{Cost per Unit}& \text{Total Cost}\\ \text{Beginning Inventory, January 1}& 235& \$140.00& \_\_\_\_\_\\ \text{Purchase, March 10}& 152& 143.50& \_\_\_\_\_\\ \text{Purchase,May 16}& 135& 146.80& \_\_\_\_\_\\ \text{Purchase, October 9}& 78& 150.00& \_\_\_\_\_\\ \text{Alarm Security Available for Sale}& & \text{Cost of Goods Available for sale}& \end{array}$

(c)

To determine

To calculate: The dollar value of 167 alarm system which is showed on December 31 with the help of FIFO method of inventory pricing of First Alarm Security Corporation.

$\begin{array}{cccc}& \begin{array}{l}\text{First Alarm Security Corporation}\\ \text{Burglar Alarm Security Inventory}\end{array}& & \\ \text{Date}& \text{Units}& \text{Cost per Unit}& \text{Total Cost}\\ \text{Beginning Inventory, January 1}& 235& \$140.00& \_\_\_\_\_\\ \text{Purchase, March 10}& 152& 143.50& \_\_\_\_\_\\ \text{Purchase,May 16}& 135& 146.80& \_\_\_\_\_\\ \text{Purchase, October 9}& 78& 150.00& \_\_\_\_\_\\ \text{Alarm Security Available for Sale}& & \text{Cost of Goods Available for sale}& \end{array}$

(d)

To determine

To calculate: The dollar value of 167 alarm system which is showed on December 31 with the help of LIFO method of inventory pricing of First Alarm Security Corporation.

$\begin{array}{cccc}& \begin{array}{l}\text{First Alarm Security Corporation}\\ \text{Burglar Alarm Security Inventory}\end{array}& & \\ \text{Date}& \text{Units}& \text{Cost per Unit}& \text{Total Cost}\\ \text{Beginning Inventory, January 1}& 235& \$140.00& \_\_\_\_\_\\ \text{Purchase, March 10}& 152& 143.50& \_\_\_\_\_\\ \text{Purchase,May 16}& 135& 146.80& \_\_\_\_\_\\ \text{Purchase, October 9}& 78& 150.00& \_\_\_\_\_\\ \text{Alarm Security Available for Sale}& & \text{Cost of Goods Available for sale}& \end{array}$

(e)

To determine

To calculate: The dollar value of 167 alarm system with the help of average cost method.

The table is given as follows-

$\begin{array}{cccc}& \begin{array}{l}\text{First Alarm Security Corporation}\\ \text{Burglar Alarm Security Inventory}\end{array}& & \\ \text{Date}& \text{Units}& \text{Cost per Unit}& \text{Total Cost}\\ \text{Beginning Inventory, January 1}& 235& \$140.00& \_\_\_\_\_\\ \text{Purchase, March 10}& 152& 143.50& \_\_\_\_\_\\ \text{Purchase,May 16}& 135& 146.80& \_\_\_\_\_\\ \text{Purchase, October 9}& 78& 150.00& \_\_\_\_\_\\ \text{Alarm Security Available for Sale}& & \text{Cost of Goods Available for sale}& \end{array}$