SlideShare a Scribd company logo
Perpetual inventory Using FiFO Beginning inventory, purchases, and sales data for prepaid cell
phones for December are as follows: Assume that the business maintains a perpetual inventory
system, costing by the first-in, first-out method. Determine the cost of goods sold for each sale
and the inventory balance after each sale, presenting the data in the form Illustrated in Exhibit 3,
Under FiFO, If units are in inventory : two different costs, enter the units with the LOWER unit
cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost. column. 3
more Check My Work uses remaining. Schedule of Cost of Goods Sold FIFO Method Prepaid
Cell Phones Cost of Cost of Cost of Purchases Purchases Purchases Goods Sold Goods Sold
Goods Sold Inventory Inventory Inventory Date Quantity Unit Cost Total Cost Quantity Unit
Cost Total Cost Quantity Unit Cost Total Cost Dec, 1 Dec. 10 Dec. 12 Dec. 14 Dec. 20 Dec. 31
Dec. 31 Balances

More Related Content

Similar to Perpetual inventory Using FiFO Beginning inventory- purchases- and sal.pdf

Chap008 jpm-f2011
Chap008 jpm-f2011Chap008 jpm-f2011
Chap008 jpm-f2011zholzapfel
 
Chapter 5 (2).pptx
Chapter 5 (2).pptxChapter 5 (2).pptx
Chapter 5 (2).pptx
SubhanKhan848482
 
Merchandising Accounting
Merchandising AccountingMerchandising Accounting
Merchandising Accounting
Muhammad Unaib Aslam
 
LIFO FIFO
LIFO FIFOLIFO FIFO
LIFO FIFO
AyeshaUrooj11
 
Purchasing Info record Creation en SAP ECC
Purchasing Info record Creation en SAP ECCPurchasing Info record Creation en SAP ECC
Purchasing Info record Creation en SAP ECC
RodolfoSaldana2
 
Inventories and the Cost of Goods Sold
Inventories and the Cost of Goods SoldInventories and the Cost of Goods Sold
Inventories and the Cost of Goods Sold
Muhammad Unaib Aslam
 
Accounting for current assets joseph f_valencia
Accounting for current assets joseph f_valenciaAccounting for current assets joseph f_valencia
Accounting for current assets joseph f_valencia
Joseph Valencia
 
that is all thr information given Suppose a division of Now York inst.pdf
that is all thr information given  Suppose a division of Now York inst.pdfthat is all thr information given  Suppose a division of Now York inst.pdf
that is all thr information given Suppose a division of Now York inst.pdf
ashokadyes
 
7 advanced inventory
7 advanced inventory7 advanced inventory
7 advanced inventory
MD. Monzurul Karim Shanchay
 
New perpetual inventory system
New perpetual inventory systemNew perpetual inventory system
New perpetual inventory system
Saint Bernard College
 

Similar to Perpetual inventory Using FiFO Beginning inventory- purchases- and sal.pdf (12)

Chap008 jpm-f2011
Chap008 jpm-f2011Chap008 jpm-f2011
Chap008 jpm-f2011
 
Chapter 5 (2).pptx
Chapter 5 (2).pptxChapter 5 (2).pptx
Chapter 5 (2).pptx
 
Merchandising Accounting
Merchandising AccountingMerchandising Accounting
Merchandising Accounting
 
LIFO FIFO
LIFO FIFOLIFO FIFO
LIFO FIFO
 
Purchasing Info record Creation en SAP ECC
Purchasing Info record Creation en SAP ECCPurchasing Info record Creation en SAP ECC
Purchasing Info record Creation en SAP ECC
 
Inventories and the Cost of Goods Sold
Inventories and the Cost of Goods SoldInventories and the Cost of Goods Sold
Inventories and the Cost of Goods Sold
 
Ch05
Ch05Ch05
Ch05
 
Accounting for current assets joseph f_valencia
Accounting for current assets joseph f_valenciaAccounting for current assets joseph f_valencia
Accounting for current assets joseph f_valencia
 
that is all thr information given Suppose a division of Now York inst.pdf
that is all thr information given  Suppose a division of Now York inst.pdfthat is all thr information given  Suppose a division of Now York inst.pdf
that is all thr information given Suppose a division of Now York inst.pdf
 
Ch06
Ch06Ch06
Ch06
 
7 advanced inventory
7 advanced inventory7 advanced inventory
7 advanced inventory
 
New perpetual inventory system
New perpetual inventory systemNew perpetual inventory system
New perpetual inventory system
 

More from info801140

Place the components of photosynthesis in order Light-dependent stage.pdf
Place the components of photosynthesis in order  Light-dependent stage.pdfPlace the components of photosynthesis in order  Light-dependent stage.pdf
Place the components of photosynthesis in order Light-dependent stage.pdf
info801140
 
please answer it in 15minutes i will hit like LCL is converted into FC.pdf
please answer it in 15minutes i will hit like LCL is converted into FC.pdfplease answer it in 15minutes i will hit like LCL is converted into FC.pdf
please answer it in 15minutes i will hit like LCL is converted into FC.pdf
info801140
 
please answer and EXPLAIN hiw you arrived to each answer- rhythm rate.pdf
please answer and EXPLAIN hiw you arrived to each answer-  rhythm rate.pdfplease answer and EXPLAIN hiw you arrived to each answer-  rhythm rate.pdf
please answer and EXPLAIN hiw you arrived to each answer- rhythm rate.pdf
info801140
 
Pirates Incorporated had the following balances at the beginning of Se.pdf
Pirates Incorporated had the following balances at the beginning of Se.pdfPirates Incorporated had the following balances at the beginning of Se.pdf
Pirates Incorporated had the following balances at the beginning of Se.pdf
info801140
 
Phi Delta Kappa (PDK) is an international professional organization fo.pdf
Phi Delta Kappa (PDK) is an international professional organization fo.pdfPhi Delta Kappa (PDK) is an international professional organization fo.pdf
Phi Delta Kappa (PDK) is an international professional organization fo.pdf
info801140
 
Pharoah Department Store is located in midtown Metropolis- During the.pdf
Pharoah Department Store is located in midtown Metropolis- During the.pdfPharoah Department Store is located in midtown Metropolis- During the.pdf
Pharoah Department Store is located in midtown Metropolis- During the.pdf
info801140
 
PIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdf
PIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdfPIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdf
PIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdf
info801140
 
Personal Budget At the beginning of the school year- Katherine Malloy.pdf
Personal Budget At the beginning of the school year- Katherine Malloy.pdfPersonal Budget At the beginning of the school year- Katherine Malloy.pdf
Personal Budget At the beginning of the school year- Katherine Malloy.pdf
info801140
 
Periodic inventory using FIFO- LIFO- and weighted average cost methods.pdf
Periodic inventory using FIFO- LIFO- and weighted average cost methods.pdfPeriodic inventory using FIFO- LIFO- and weighted average cost methods.pdf
Periodic inventory using FIFO- LIFO- and weighted average cost methods.pdf
info801140
 
PICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdf
PICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdfPICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdf
PICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdf
info801140
 
Phosphorous is classified as a- major plant nutrient minor plant nutri.pdf
Phosphorous is classified as a- major plant nutrient minor plant nutri.pdfPhosphorous is classified as a- major plant nutrient minor plant nutri.pdf
Phosphorous is classified as a- major plant nutrient minor plant nutri.pdf
info801140
 
Photoreceptors are a class of sensory receptor that is activated by ph.pdf
Photoreceptors are a class of sensory receptor that is activated by ph.pdfPhotoreceptors are a class of sensory receptor that is activated by ph.pdf
Photoreceptors are a class of sensory receptor that is activated by ph.pdf
info801140
 
Please help me name the structure for a- d- e- and f- The name does no.pdf
Please help me name the structure for a- d- e- and f- The name does no.pdfPlease help me name the structure for a- d- e- and f- The name does no.pdf
Please help me name the structure for a- d- e- and f- The name does no.pdf
info801140
 
Please help me answer these questions 34- Antibodies do many jobs.pdf
Please help me answer these questions      34- Antibodies do many jobs.pdfPlease help me answer these questions      34- Antibodies do many jobs.pdf
Please help me answer these questions 34- Antibodies do many jobs.pdf
info801140
 
please help me answer q 1- will leave like- thank you! Mabh the term w.pdf
please help me answer q 1- will leave like- thank you! Mabh the term w.pdfplease help me answer q 1- will leave like- thank you! Mabh the term w.pdf
please help me answer q 1- will leave like- thank you! Mabh the term w.pdf
info801140
 
please help In this DB- we first consider that the only Entity is aba.pdf
please help  In this DB- we first consider that the only Entity is aba.pdfplease help  In this DB- we first consider that the only Entity is aba.pdf
please help In this DB- we first consider that the only Entity is aba.pdf
info801140
 
Please give the corrected inventory $$ Culver Company was undergoing a.pdf
Please give the corrected inventory $$ Culver Company was undergoing a.pdfPlease give the corrected inventory $$ Culver Company was undergoing a.pdf
Please give the corrected inventory $$ Culver Company was undergoing a.pdf
info801140
 
Please follow the instructions carefully as there are some specific co.pdf
Please follow the instructions carefully as there are some specific co.pdfPlease follow the instructions carefully as there are some specific co.pdf
Please follow the instructions carefully as there are some specific co.pdf
info801140
 
Please help -) Bernie Prenz opened a consulting company- and the follo.pdf
Please help -) Bernie Prenz opened a consulting company- and the follo.pdfPlease help -) Bernie Prenz opened a consulting company- and the follo.pdf
Please help -) Bernie Prenz opened a consulting company- and the follo.pdf
info801140
 
please explain why we see distinct latitudinal bands of wet and dry ha.pdf
please explain why we see distinct latitudinal bands of wet and dry ha.pdfplease explain why we see distinct latitudinal bands of wet and dry ha.pdf
please explain why we see distinct latitudinal bands of wet and dry ha.pdf
info801140
 

More from info801140 (20)

Place the components of photosynthesis in order Light-dependent stage.pdf
Place the components of photosynthesis in order  Light-dependent stage.pdfPlace the components of photosynthesis in order  Light-dependent stage.pdf
Place the components of photosynthesis in order Light-dependent stage.pdf
 
please answer it in 15minutes i will hit like LCL is converted into FC.pdf
please answer it in 15minutes i will hit like LCL is converted into FC.pdfplease answer it in 15minutes i will hit like LCL is converted into FC.pdf
please answer it in 15minutes i will hit like LCL is converted into FC.pdf
 
please answer and EXPLAIN hiw you arrived to each answer- rhythm rate.pdf
please answer and EXPLAIN hiw you arrived to each answer-  rhythm rate.pdfplease answer and EXPLAIN hiw you arrived to each answer-  rhythm rate.pdf
please answer and EXPLAIN hiw you arrived to each answer- rhythm rate.pdf
 
Pirates Incorporated had the following balances at the beginning of Se.pdf
Pirates Incorporated had the following balances at the beginning of Se.pdfPirates Incorporated had the following balances at the beginning of Se.pdf
Pirates Incorporated had the following balances at the beginning of Se.pdf
 
Phi Delta Kappa (PDK) is an international professional organization fo.pdf
Phi Delta Kappa (PDK) is an international professional organization fo.pdfPhi Delta Kappa (PDK) is an international professional organization fo.pdf
Phi Delta Kappa (PDK) is an international professional organization fo.pdf
 
Pharoah Department Store is located in midtown Metropolis- During the.pdf
Pharoah Department Store is located in midtown Metropolis- During the.pdfPharoah Department Store is located in midtown Metropolis- During the.pdf
Pharoah Department Store is located in midtown Metropolis- During the.pdf
 
PIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdf
PIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdfPIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdf
PIOLO Corporation's stockholders' equity at December 31- 2022 was as f.pdf
 
Personal Budget At the beginning of the school year- Katherine Malloy.pdf
Personal Budget At the beginning of the school year- Katherine Malloy.pdfPersonal Budget At the beginning of the school year- Katherine Malloy.pdf
Personal Budget At the beginning of the school year- Katherine Malloy.pdf
 
Periodic inventory using FIFO- LIFO- and weighted average cost methods.pdf
Periodic inventory using FIFO- LIFO- and weighted average cost methods.pdfPeriodic inventory using FIFO- LIFO- and weighted average cost methods.pdf
Periodic inventory using FIFO- LIFO- and weighted average cost methods.pdf
 
PICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdf
PICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdfPICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdf
PICK ONE BUSINESS IDEA AND DISCUSS WHY IT IS FEASIBLE.pdf
 
Phosphorous is classified as a- major plant nutrient minor plant nutri.pdf
Phosphorous is classified as a- major plant nutrient minor plant nutri.pdfPhosphorous is classified as a- major plant nutrient minor plant nutri.pdf
Phosphorous is classified as a- major plant nutrient minor plant nutri.pdf
 
Photoreceptors are a class of sensory receptor that is activated by ph.pdf
Photoreceptors are a class of sensory receptor that is activated by ph.pdfPhotoreceptors are a class of sensory receptor that is activated by ph.pdf
Photoreceptors are a class of sensory receptor that is activated by ph.pdf
 
Please help me name the structure for a- d- e- and f- The name does no.pdf
Please help me name the structure for a- d- e- and f- The name does no.pdfPlease help me name the structure for a- d- e- and f- The name does no.pdf
Please help me name the structure for a- d- e- and f- The name does no.pdf
 
Please help me answer these questions 34- Antibodies do many jobs.pdf
Please help me answer these questions      34- Antibodies do many jobs.pdfPlease help me answer these questions      34- Antibodies do many jobs.pdf
Please help me answer these questions 34- Antibodies do many jobs.pdf
 
please help me answer q 1- will leave like- thank you! Mabh the term w.pdf
please help me answer q 1- will leave like- thank you! Mabh the term w.pdfplease help me answer q 1- will leave like- thank you! Mabh the term w.pdf
please help me answer q 1- will leave like- thank you! Mabh the term w.pdf
 
please help In this DB- we first consider that the only Entity is aba.pdf
please help  In this DB- we first consider that the only Entity is aba.pdfplease help  In this DB- we first consider that the only Entity is aba.pdf
please help In this DB- we first consider that the only Entity is aba.pdf
 
Please give the corrected inventory $$ Culver Company was undergoing a.pdf
Please give the corrected inventory $$ Culver Company was undergoing a.pdfPlease give the corrected inventory $$ Culver Company was undergoing a.pdf
Please give the corrected inventory $$ Culver Company was undergoing a.pdf
 
Please follow the instructions carefully as there are some specific co.pdf
Please follow the instructions carefully as there are some specific co.pdfPlease follow the instructions carefully as there are some specific co.pdf
Please follow the instructions carefully as there are some specific co.pdf
 
Please help -) Bernie Prenz opened a consulting company- and the follo.pdf
Please help -) Bernie Prenz opened a consulting company- and the follo.pdfPlease help -) Bernie Prenz opened a consulting company- and the follo.pdf
Please help -) Bernie Prenz opened a consulting company- and the follo.pdf
 
please explain why we see distinct latitudinal bands of wet and dry ha.pdf
please explain why we see distinct latitudinal bands of wet and dry ha.pdfplease explain why we see distinct latitudinal bands of wet and dry ha.pdf
please explain why we see distinct latitudinal bands of wet and dry ha.pdf
 

Recently uploaded

CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Nguyen Thanh Tu Collection
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
GeoBlogs
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
Col Mukteshwar Prasad
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
Celine George
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
Steve Thomason
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
bennyroshan06
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
beazzy04
 

Recently uploaded (20)

CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
 

Perpetual inventory Using FiFO Beginning inventory- purchases- and sal.pdf

  • 1. Perpetual inventory Using FiFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form Illustrated in Exhibit 3, Under FiFO, If units are in inventory : two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost. column. 3 more Check My Work uses remaining. Schedule of Cost of Goods Sold FIFO Method Prepaid Cell Phones Cost of Cost of Cost of Purchases Purchases Purchases Goods Sold Goods Sold Goods Sold Inventory Inventory Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Dec, 1 Dec. 10 Dec. 12 Dec. 14 Dec. 20 Dec. 31 Dec. 31 Balances