[go: up one dir, main page]
Scribd
Upload
2K views2 pages

ACC123 InventoryCostFlow Problem11-6 Lagurin

This document provides information about inventory costs using different methods - FIFO, weighted average periodic, and moving average perpetual. It tracks inventory quantities and costs over multiple periods from January to December. The FIFO method calculates cost of goods sold as $1,750,000. The weighted average periodic method calculates cost of goods sold as $1,855,000. The moving average perpetual method separately tracks the cost of goods sold for each period, calculating a total of $1,763,840.

Uploaded by

khryzellia lagurin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
2K views2 pages

ACC123 InventoryCostFlow Problem11-6 Lagurin

This document provides information about inventory costs using different methods - FIFO, weighted average periodic, and moving average perpetual. It tracks inventory quantities and costs over multiple periods from January to December. The FIFO method calculates cost of goods sold as $1,750,000. The weighted average periodic method calculates cost of goods sold as $1,855,000. The moving average perpetual method separately tracks the cost of goods sold for each period, calculating a total of $1,763,840.

Uploaded by

khryzellia lagurin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

PROBLEM 11-6 (IAA)

UNITS UNIT COST TOTAL COST


1-Jan 10,000 40 400,000
31 (5,000)
5,000
1-Apr 15,000 50 750,000
20,000
31-Jul (18,000)
2,000
1-Oct 25,000 60 1,500,000
27,000
31-Dec (12,000)
ENDING INVENTORY 15,000

FIFO
OCTOBER 1 15,000 60 900,000

WEIGHTED AVERAGE (PERIODIC)


JANUARY 1 10,000 40 400,000
APRIL 1 15,000 50 750,000
OCTOBER 1 25,000 60 1,500,000
GOODS AVAILABLE FOR SALE 50,000 2,650,000
LESS: SALES 35,000
ENDING INVENTORY 15,000

WEIGHTED AVERAGE
(2,650,000/50,000) 15,000 53 795,000

MOVING AVERAGE (PERPETUAL)


JANUARY 1 10,000 40 400,000
31 (5,000) 40 (200,000)
5,000 40 200,000
APRIL 1 15,000 50 750,000
20,000 47.50 950,000
JULY 31 (18,000) 47.50 (855,000)
2,000 47.50 95,000
OCTOBER 1 25,000 60 1,500,000
27,000 59.07 1,595,000
31-Dec (12,000) 59.07 (708,840)
BALANCE 15,000 59.07 886,160
WEIGHTED
FIFO AVERAGE
INVENTORY - JANUARY 1 400,000 400,000
PURCHASES 2,250,000 2,250,000
GOODS AVAILABLE FOR SALE 2,650,000 2,650,000
LESS: INEVENTORY - DECEMBER 31 900,000 795,000
COST OF GOODS SOLD 1,750,000 1,855,000

COST OF GOODS SOLD - WEIGHED AVAERAGE PERPETUAL


JANUARY 31 SALE 200,000
JULY 31 SALE 855,000
DECEMBER 31 SALE 708,840
TOTAL COST OF GOODS SOLD 1,763,840

You might also like