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  • Perpetual Fifo Goods Purchased Cost of Goods Sold Date # of Units Cost Per Unit # of Units Sold Cost Per Unit Cost of Goods Sold

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    Sam Uduma
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    The document tracks inventory using the perpetual FIFO method. It records purchases of goods with costs, units sold with costs, and calculates cost of goods sold. The ending inventory balance is computed after each period based on the costs of remaining units.

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    Perpetual FIFO

    Original Title

    Perpetual FIFO

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    The document tracks inventory using the perpetual FIFO method. It records purchases of goods with costs, units sold with costs, and calculates cost of goods sold. The ending inventory balance is computed after each period based on the costs of remaining units.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    205 views2 pages

    Perpetual Fifo Goods Purchased Cost of Goods Sold Date # of Units Cost Per Unit # of Units Sold Cost Per Unit Cost of Goods Sold

    Uploaded by

    Sam Uduma
    The document tracks inventory using the perpetual FIFO method. It records purchases of goods with costs, units sold with costs, and calculates cost of goods sold. The ending inventory balance is computed after each period based on the costs of remaining units.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    PERPETUAL FIFO

    Goods Purchased Cost of Goods Sold


    Date # of Units Cost Per Unit # of Units sold Cost per Unit Cost of goods sold
    Mar-01
    Mar-05 220 @ $ 55.80

    Mar-09 90 @ $ 50.80 $ 4,572.00


    160 @ $ 55.80 $ 8,928.00
    $ 13,500.00
    Mar-18 80 @ $ 60.80

    Mar-25 140 @ $ 62.80

    Mar-29 @ $ 50.80 $ -
    60 @ $ 55.80 $ 3,348.00
    60 @ $ 60.80 $ 3,648.00
    @ $ 62.80 $ -
    $ 6,996.00
    Total $ 20,496.00
    Inventory Balance
    # of Units Cost Per Unit Inventory Balance
    90 @ $ 50.80 $ 4,572.00
    90 @ $ 50.80 $ 4,572.00
    220 @ $ 55.80 $ 12,276.00
    $ 16,848.00
    @ $ 50.80 $ -
    60 @ $ 55.80 $ 3,348.00
    $ 3,348.00
    @ $ 50.80 $ -
    60 @ $ 55.80 $ 3,348.00
    80 @ $ 60.80 $ 4,864.00
    $ 8,212.00
    @ $ 50.80 $ -
    60 @ $ 55.80 $ 3,348.00
    80 @ $ 60.80 $ 4,864.00
    140 @ $ 62.80 $ 8,792.00
    $ 17,004.00
    @ $ 50.80
    @ $ 55.80
    40 @ $ 60.80 $ 2,432.00
    80 @ $ 62.80 $ 5,024.00
    $ 7,456.00
    $ 7,456.00

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