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Gage Pro Shop GrenePal corral CPerpetval Lnventor systers) The “Cachiculares ae Ps Amount | Are. San cdebrt} | Cred 2022 | April,5 | Inventory De lead Pecourts pryell® — Cr i Cto record oF Credit purchase) | uF Trventory —DP 5o Cash ia 5O Cto recotd pad Custom Freight chonge) ——_____ | Nn, 2 Accounts Payalle-Dr Joo Trventory —Co loo Cto pecerd of .) purchase Peter "40 Accounts Recivatle-Dp 600 babs Revenve -ce Cro record oF credit Sales) 600 NAD Accounts pasalle Dp 450 Loventory —cr 450 (te record of prrchase rehwn Recounts pasallepp | | It T Cash cr | 90 J verter J ce | [ode | Cito peopel ol | peqadl e within clive peuod) WIR | Account» poydhle — be | Pnveatory —cr | (Recived fiver clowsic For mestthandise rely ) 1,20 Accounls Peialle — he Goo Sabes Revenve ~ 6” G co mete babes onaccous') WAL Accounts Peryeble —De 400 Cash cr 4 Frventory ——r BG [Lig pegrent of fre |S erthiva — discount perial) p27 — Sales Pebvrn —De 25 Cash —er 4G do pecond of bales ¢ peduen) N30 Ca De Goo Accounts qeciedle — Cr” Loo Crrecived _Porsmert ov . 7 Drve n-lorie (Lo-2) A The Cot of gpe ds fer bales 18 = avatlatle Explanation] units [Unt Cost | tetJe Trentory | 200 4 | 800 Purchase 500 | 450 | 2250 purchase 400 nr) ao Purchase Boe eae see [400 6450 | chteerme ending inventory ena COGS Gndin Filo melrod ending inventor (100x7) = foo C065 = 55 00- FOO = 4800 defetmine — ending jrverttory and COGS onder fifo method! too x5) = 500 CO 5 = BS6O — Soo = 5000 doctors ending wentors and COS onder avetge Cost metho Average. Cost 1 5500 98 = Gil Ending Tivertory = lee x GTI cil | COGS = 5500-6il'1 = 4883 ® deel ert vrvierve invert oy e nding Frro Method - - | Units | Omit Total | | cast cost | 3eo =| B00 \see 200 | FS 950 2450 Lof goods sold = 6450 — 2450 = Yooo (4) detewine ending imerttry vet LIFO Nethed - Date Units | ott ~ Feta) _ at | veest Sock 400 gee 450 )350 24g goods sotd =| G4so- 2Is6 = 43900 TD dalownine Gecko 50d blah vnokere Na sk yar \a ¢ A = “41607 2408 Average corks 6450 + M4oo Ending @ inverclory » 500 X21 6o/ sald = 6450 ~ 230450 = AVG: So Cost of eed a) Acker mune cock of goots seld Dele | Exslanatiors vats | Unils soled! tele Jord | Trventory | 200 | on 5 love )) 12 | Pordhese 400 G 2400 ) z | 2Jo0 02% Pulchoas e Qeo | | 5S00

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