Anonymous
May 30, 2023
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Anonymous
May 30, 2023
Where's the question ⁉️
-1
Anonymous
May 30, 2023
What is biology
1
Anonymous
May 30, 2023
What is good
0
Anonymous
Jun 1, 2023
A. Tale Company had the following beginning inventory and purchases during
December 2022:
Item X
Date Unit’s Unit cost
Jan. 1 Inventory 400 Br. 14
10 Purchase 200 15
19 Purchase 300 16
22 Purchase 250 20
28 Purchase 100 21
At December 31, 2022, there were 550 units of X on hand.
Sales of units were as Jan.15, 200 units Jan 20, 200 units Jan 23, 300 units
Required:
a. Calculate the cost of merchandise available for sale by using FIFO, LIFO and
WAM methods
b. Apply the FIFO, LIFO and WAM methods of inventory costing to calculate
ending inventory
i) Periodic inventory system
ii) Perpetual inventory system
December 2022:
Item X
Date Unit’s Unit cost
Jan. 1 Inventory 400 Br. 14
10 Purchase 200 15
19 Purchase 300 16
22 Purchase 250 20
28 Purchase 100 21
At December 31, 2022, there were 550 units of X on hand.
Sales of units were as Jan.15, 200 units Jan 20, 200 units Jan 23, 300 units
Required:
a. Calculate the cost of merchandise available for sale by using FIFO, LIFO and
WAM methods
b. Apply the FIFO, LIFO and WAM methods of inventory costing to calculate
ending inventory
i) Periodic inventory system
ii) Perpetual inventory system
0
Narcicio Filoteo
Jan 3
Biology is the study of life and human body
0
