Cost Units purchased per unit $8.20 Date Total cost $ 369.00 January 1 Аpril 1 45 40 7.45 298.00 June 1 55 7.20 396.00 September 1 50 7.70 385.00 Total 190 $1,448.00

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 11PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...
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Calculate cost of goods sold and ending inventory for Emergicare’s bandages orders using FIFO, LIFO and average cost. There are 30 units in ending inventory. (Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.)

 

Cost
Units purchased per unit
Total cost
$ 369.00
Date
January 1
April 1
June 1
45
$8.20
40
7.45
298.00
55
7.20
396.00
September 1
50
7.70
385.00
Total
190
$1,448.00
Cost of goods sold
Ending inventory
FIFO
LIFO
Average cost
Transcribed Image Text:Cost Units purchased per unit Total cost $ 369.00 Date January 1 April 1 June 1 45 $8.20 40 7.45 298.00 55 7.20 396.00 September 1 50 7.70 385.00 Total 190 $1,448.00 Cost of goods sold Ending inventory FIFO LIFO Average cost
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