Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Exercise 9-7
Date
1-Apr
5-Apr
11-Apr
15
53
795
21-Apr
9
3
4
50
53
53
450
159
212
28-Apr
30-Apr
54
378
Ending Inventory
22
1,173
42
2,121
rm
Balance
Quantity Per Unit Cost Total Cost
35
50
1,750
9
50
450
9
50
450
15
53
795
12
53
636
8
8
7
53
53
54
424
424
378
802
15
31
47
1,457
-
40
50
2,000
Ending Inventory
71
97
3,457
5
22
45
47
225
1,034
-
9
26
77
47
50
184
423
1,300
2,357
Part B
31
47
1,457
-
27
47
1,269
40
50
2,000
35
50
1,750
Ending Inventory
71
97
3,457
77
142
3,694
rm
d
Balance
Quantity Per Unit Cost Total Cost
20
45
900
5
45
225
5
45
225
31
47
1,457
9
47
423
9
40
47
50
423
2,000
14
50
700
14
700
od
Quantity
20
5
5
31
5
4
5
4
40
5
4
5
14
Balance
Per Unit Cost Total Cost
45
900
45
225
45
225
47
1,457
45
225
47
188
45
225
47
188
50
2,000
45
225
47
188
40
200
613
4-Feb
12
30
360
20-Jul
14
32
448
30-Dec
33
264
6
12
11
29
28
30
32
90
Ending Inventory
34
95
1,072
Part B
Reciets
Quantity Per Unit Cost Total Cost
Beginning Inventory
Date
4-Feb
12
30
360
20-Jul
14
32
448
30-Dec
33
264
34
95
1,072
Ending Inventory
Part C
Date
Reciets
8
14
7
22
33
32
30
65
Date
Quantity
-
4-Feb
12
30
360
20-Jul
14
32
448
30-Dec
33
264
34
95
1,072
Ending Inventory
29
31
29
31
Total Cost
Total Units
1240
40
31.00
Mid Term
O Method
ue
Total Cost Quantity
6
6
12
6
12
14
6
12
14
8
168
3
360
8
352
880
11
Balance
Per Unit Cost Total Cost
28
168
28
168
30
360
28
168
30
360
32
448
28
168
30
360
32
448
33
264
32
96
33
264
360
Balance
Per Unit Cost Total Cost
28
168
28
168
30
360
28
168
30
360
32
448
28
168
30
360
32
448
33
264
168
28
150
30
O Method
ue
Cost Method
ue
712
11
318
Balance
58
130
7,540
7-Aug
20
136
2,720
15-Nov
30
140
4,200
42
58
14
114
120
130
136
Ending Inventory
108
14,460
Part B
58
130
7,540
7-Aug
20
136
2,720
15-Nov
30
140
4,200
30
20
58
6
114
140
136
130
120
Ending Inventory
108
14,460
Part C
Date
Reciets
Date
4-Mar
58
130
7,540
7-Aug
20
136
2,720
15-Nov
30
140
4,200
14,460
114
114
130
Ending Inventory
108
Mid Term
FO Method
ssue
Balance
Total Cost Quantity Per Unit Cost Total Cost
42
120
5,040
42
120
5,040
58
130
7,540
42
120
5,040
58
130
7,540
20
136
2,720
42
120
5,040
58
130
7,540
20
136
2,720
30
140
4,200
5,040
6
136
816
7,540
30
140
4,200
1,904
14,484
36
5,016
FO Method
ssue
Balance
Total Cost Quantity Per Unit Cost Total Cost
42
120
5,040
42
120
5,040
58
130
7,540
42
120
5,040
58
130
7,540
20
136
2,720
42
120
5,040
58
130
7,540
20
136
2,720
30
140
4,200
4,200
2,720
36
120
4,320
7,540
720
14,460
36
4,320
ge Cost Method
ssue
Balance
Total Cost
Total Units
19,500
150
130.00
Part 2
Why would management perfer to use lifo over fifo in periods of rising prices?
Managers perfers LIFO method over FIFO method because
through LIFO method the rate of profit remains low and
due to this tax liability also decreases which causes
bonuses for them.
Mid Term
hod
Total Market Price Lower of Cost or Market
1,280
1,200
1,400
1,400
2,600
2,600
600
600
2,625
2,525
8,505
8,325