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Inventory Valuation-Periodic FIFO P SLS COST TOT C/G/S.    INVEN.       60        7.64         458.40...

Inventory Valuation-Periodic FIFO
P SLS COST TOT C/G/S.    INVEN.
      60        7.64         458.40
      50
      70        7.61         532.70
      75        7.59         569.25
      65
      75
      80        7.56         604.80
      60
      90        7.53         677.70
    100
    100        7.50         750.00
    100
Business   Accounting   
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Answer #1
PURCHASE SALES COST TOTAL COGS INVENTORY
60 7.64 458.4 458.4
50 50*7.64=382 458.4-382=76.4
70 7.61 532.7 76.4+532.7=609.1
75 7.59 569.25 609.1+569.25=1178.35
65 10*7.64+55*7.61=494.95 1178.35-494.95=683.4
75 15*7.61+60*7.59=569.55 683.4-569.55=113.85
80 7.56 604.8 113.85+604.8=718.65
60 15*7.69+45*7.56=455.55 718.65-455.55=263.1
90 7.53 677.7 263.1+677.7=940.8
100 35*7.56+65*7.53=754.05 940.8-754.05=186.75
100 7.5 750 186.75+750=936.75
100 25*7.53+75*7.5=750.75 936.75-750.75=186

THANK YOU PLEASE UPVOTE

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