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  • EA1 Word Probs With Solution

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    baron medina
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    The document shows sales, cost of goods sold, and gross profit calculations for a company using FIFO, LIFO, WAC, and HIFO inventory costing methods. It also provides the number of units not sold and weighted average cost per unit. Sales for the period totaled $1,715,000 with gross profits ranging from $483,400 under HIFO to $503,000 under FIFO.

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    EA1-word-probs-with-solution (1)

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    The document shows sales, cost of goods sold, and gross profit calculations for a company using FIFO, LIFO, WAC, and HIFO inventory costing methods. It also provides the number of units not sold and weighted average cost per unit. Sales for the period totaled $1,715,000 with gross profits ranging from $483,400 under HIFO to $503,000 under FIFO.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views5 pages

    EA1 Word Probs With Solution

    Uploaded by

    baron medina
    The document shows sales, cost of goods sold, and gross profit calculations for a company using FIFO, LIFO, WAC, and HIFO inventory costing methods. It also provides the number of units not sold and weighted average cost per unit. Sales for the period totaled $1,715,000 with gross profits ranging from $483,400 under HIFO to $503,000 under FIFO.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    SALES 913,500.

    00
    FIFO COGS 630,000.00 include beg inv
    LIFO COGS 640,400.00
    WAC COGS 210.00 630,000.00
    HIFO COGS 640,400.00
    FIFO GP 283,500.00
    LIFO GP 273,100.00
    WAC GP 283,500.00
    HIFO GP 273,100.00
    How many units were not sold 1,000.00
    SALES 1,715,000.00
    COGS under HIFO Method 1,231,600.00 HIFO METHOD
    GP 483,400.00

    SALES 1,715,000.00
    COGS under FIFO Method 1,212,000.00 FIFO METHOD
    GP 503,000.00

    SALES 1,715,000.00
    COGS under WAC method 1,222,500.00 WAC METHOD
    GP 492,500.00
    WAC
    76,000.00
    206,000.00
    264,000.00
    294,000.00
    840,000.00 764,000.00
    95,200.00
    462,000.00
    496,400.00
    511,200.00
    1,564,800.00
    349.29
    4,000.00

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