Up-in-smoke C

Inventory
Amnt Amnt

Beginning bal. $ 47,438.00

Invoice #1001 $ 19,500.00

Duty @ 9% $ 1,755.00
frieght 0.53 per box $ 28.00

Net $ 21,283.00

Invoice #3004 $ 27,805.00

Disc given $ 556.00

Total $ 27,249.00

Invoice #3005 $ 28,860.00

Total $ 28,860.00

Invoive #2003 $ 29,120.00

Duty $ 3,494.00
Freight $ 34.00

Discount $ 874.00
Return $ 2,275.00
Return Duty $ 273.00
Discount $ 68.00

Total $ 29,295.00

Invoice #1002 $ 27,852.00

Frieght $ 35.00
Duty $ 3,342.00

Total $ 31,229.00

COGAFS $ 185,354.00
Up-in-smoke Corporation

Inventory Per unit price

Amnt Amnt

Beg. Inv. 2875 $ 16.500

Tot. no. cigars 1300

#1001

Net 1300 $ 16.371

Total 1300

Net 1675

Total 1675 $ 16.268

Net goods 1850 $ 15.600

Net Goods 1600

Return 125

Total 1475 $ 19.861

Net Goods 1650 $ 18.927

Total INV 10825 $ 17.123

Sales 6520
Shrinkage/stolen 47
Ending balance 4258
(2608+1650)
 Up-in-smoke Corporation

Specific Identification Method

Particulars # of units

Purchase #1001 440

Purchase #1002 1650
Purchase #3005 929
Purchase #2003 1239
Net 4258
Total Ending Inventory

Cost of Goods Sold = $ 185,354.00

Units Stolen = Net Sales from inventory - Actual sales

6567 6520
Cost of stolen goods 804.781

Percentage of loss on Cigars

n-smoke Corporation

Per unit price Portion of E/I

If he realised the inventory @ $18 then he would incur a loss
16.371 7203.24
18.927 31229.55 4258 18 76644
15.6 14492.4
19.861 24607.78 Loss 77532 76644 888

$ 77,532.97 108710

$ 77,533.00 $ 107,821.00 0.817%

rom inventory - Actual sales

47

0.746%
>1% stolen
would incur a loss