wo, Kamas Date: 28/9/2023 LD [Nome = Chaistian Aaltya§ LJ IM = Unrr04tK = CD {ke -1 CJ} Beginning inventory; § 997, Wo J} [- Dedues goods sora FOG Shipping Porm (8 38.000) CO]: Deduct _Qonds it Grnsit FOB destino tion ($98. - 0) LJ} | Doctor Gas Feceia ater Year-end (B19. 00) (_} | Deduct gods S0ld FB destination CY 35,000) “Qoauet —Gds (oceived rer Yoor-ond (SUYad0) [ covtected inventory On December 34: S297 OH _- $ 3s0d - $95.00 - J A900 - Fae noo - | UY OH = $ 66.000 $0 the ChHectod inyorttory amount On December 3 is $66.00. 0G - 20, (a) Ogtermine the cost Ok Qdods avaibe tox sale. Goginning —Inventkay {QO Unies x FA Qet unk = $2, Phen pf YY UI HUIee Date: YUVUUUUOOOG SEY IY OU UW IU “|X Purchases * March 1S = 2m units x $9u gee unt = $7.90 Tuy 90 + Jo Units x FIe Por unit _= GF S,000 September Y= BO units * Fag por unk ¢ BNO Vocornbes 2: {Units x 930 gor unit = § 3400 Case Te Gards Avatible foe gale: $2,400 4 $7.20 4 $5hm 4 $8 yo + $3 = Jos 70 (b) Ootwrming Uy Ye ending inventory dnd (2) ke cose Ok Gooas sold under the Fwd Assured CO _KWA_TMernnas CERO and aNangqye -Cove). CA) FEO Crist - in - First -Our) Method = Ending — Inventory (ELROD : {od Units (trom Dec .2) x $30 Foc umik = C3 000 CO OF Gods ld (FLED) : Cot Tk Goods Avaihable for Soe - Ending wnvorrory (ERD) Sas MW ~\3,00 = G2. MH (2) Avira, - Cort Warned Torml_cot_ Ot Goods avoiMdatle tot sqyos $oside Tokai _NIMbeC Ok Units Avaitaine for Se > 40 Coaghanieg ventory) F200 +309 Fan TAU = LO Units lity is Our Priority BalooUCC ooo Date: Ayartige cost UC Unik + Sos 7 + Loo Units = $95.7" Per_Uimit Ending Inventory Ruaiage - Cost] (Hunks (tom Gc-2) x 99-70 Por Unit = $2-370 Cok Ok _Qmuds Sold CAratraige - Cost) Cost OF Gods Auchtavie fat sale - Ending Inventory Chwacage, - cost) §28,m_-9 2,570 > 193 130 = _ a} J J J J J J ) } } | CC) Whicln com ow Mertiod Tesuits in) the ghar Inventory Amouns OC tee Statement OF Fonciay Position . gtnd (2) the Wigner CO OF Gus Sold for the income Statement 7 (The FIFO mottigd fesuits in the igeer inventory amount for the Statement OF Ginoncion goution tn te Case , Khe _eneang inventory Vdlue under FIFO is 93,000, Lalita Under Ane AvONgE cost tmartnd , TS $9,570. 2) Te _aayoruye - cost qarinod —fasuits iN rigner cat Ot ows Sod tor the income —sterermome Under tre Avacaye cove QE Yoods sold is $93,130, Wheres yndot F1e0, it'S $99,700 SO. Undor FIO. the inientory amount is Wiger ANd The ONolrage -cowk Met Che Cost Or Yds sMld_ is lnifler Bamboo lity is Our Priority06 -¥B CO) FIEO (Fist = In - Fist - Our) Motinad For Elyo We Assume nor the items sory Mik Ale He SER RMYLUUUUUCOO CoCo OMos thar Wee ACduites Risk Cio. Rw dest inventory 1S gard First). AY Cost OF Gonads Sova CEIROY Sate OM TFanvany) % = (0 units SOld korn Kno Vedianing Wvenrary COO Units) and 10 units SOR KON KHY Tana) S Purchase — (ts0 Units) . Cose_ot oss said from Yoginning inventor) _« {Qo_units x QU ger _unit_= § 1,400 Cast Ok Goods Md from te JanuoTy S Pucohase + 10 unity % $17 fer um = $110 Tom coos for Tomuay & sae = Suu + Tro = F187 SAle On Tonoary Jo: KO Units sod trom the fomaining Famuiry 5 Guichase (WO Unies) and 30 Utlks SMe Keun tho Tatudey ts Qucclinge, (SS units). cast OF Has Suid Tram Kye temininy TTY S Gucci - gO unks x §1) for wit = 94,260 Cask OF GOas Sore fromm the Tamwary 1S KuUcCenge - 30 Wits x 47 for Unt = $570 Trot COGS for Tanuary 99 Spe: $1360 + 9570 = $ 130 . Baw lity is Our PriorityNo. Date: CIOS Krovit CMovitg, ~Arvoroy, Cos) = §5,0N0 ~ H0.6Y0 (cows) = - 5.00 CHeqorila Yocaus, Coes 1S Wigrer Anon sles) CO Total GOS CFiFO OO $1s70 (hom January § Sale) + Sr930 Chto Tonudry CO Jo sale = $3,500 C3) [(i)_ Ending nwentocy (Feo): oz) Remaining inventory From —Jomudey S eUrchase - 7) 780 umits — 0 Units Could) - 0 Units (gold) = bo Units. _J 6 udlks x Fry Gor units > C4020 J [Remaining inventory — fom ‘Tanucry 1S urchaye = J] BH units = 30 units csoid) 2 99_Un = ds units x F19 Yer UM > Jy7s _) Tor Onsingy TWemtony CVRD) : _) $109 Cfo Tanvary —S Quecre) + $475 Chom J Tarnary 15 purchase 1 = 81,95 a) J [Ci Gross Prati = Tem saies - Cos J Dror Sales > WO units % $I Qc unit J {Convoy & sme) +86 umes x $62 er Uae JP CTanutny 20 Soe) = F3Ae 4 $2800 = §S.6y0 ) —. @..A..o| Comparison — Ok Rostuts : under tne EAFO mothe . * COGS IS $9 -500 + nang Wyentory is § 1.495 + Gross Vrorit is $ 2/140 Under Khe Ynoving - Avarane Case Motos = - COGS is $10. Gud * EHathg Wnentory 1S 4 7hU0 Gross VEE js - $5,000 Camnarisan MOVIN - avaraye cast MORIN . ~The FUeT mors suns in a tower Coos. Weignes ction Trverieory and a WiQHi gums —Plotik compas Yo the SMIYIVI UII JUV dco | | I ity is Our Priority