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  • Cost of Good Solds: Cogs (Usd) Total Per Unit

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    manishpandey1972
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    The company Electronic Goods Inc. had beginning inventory of 100 units with a price of $30 per unit for a total of $3,000 in beginning inventory. During the month of April, the company sold 520 units and had ending inventory of 480 units. Using different costing methods, the cost of goods sold was $15,600 under average costing, $15,180 under FIFO costing, and $18,480 under LIFO costing. The company made several purchases of mobile phone batteries at different prices throughout April totaling $29,500.

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    CALCULATOR

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    CoGS Calculator V1.0

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    The company Electronic Goods Inc. had beginning inventory of 100 units with a price of $30 per unit for a total of $3,000 in beginning inventory. During the month of April, the company sold 520 units and had ending inventory of 480 units. Using different costing methods, the cost of goods sold was $15,600 under average costing, $15,180 under FIFO costing, and $18,480 under LIFO costing. The company made several purchases of mobile phone batteries at different prices throughout April totaling $29,500.

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    © All Rights Reserved
    Scarica in formato XLS, PDF, TXT o leggi online su Scribd
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    123 visualizzazioni1 pagina

    Cost of Good Solds: Cogs (Usd) Total Per Unit

    Caricato da

    manishpandey1972
    The company Electronic Goods Inc. had beginning inventory of 100 units with a price of $30 per unit for a total of $3,000 in beginning inventory. During the month of April, the company sold 520 units and had ending inventory of 480 units. Using different costing methods, the cost of goods sold was $15,600 under average costing, $15,180 under FIFO costing, and $18,480 under LIFO costing. The company made several purchases of mobile phone batteries at different prices throughout April totaling $29,500.

    Copyright:

    © All Rights Reserved
    Scarica in formato XLS, PDF, TXT o leggi online su Scribd
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    di 1

    COST OF GOOD SOLDS

    Company Name : Electronic Goods Inc.


    Month Period : April-09
    Beginning Inventory : 100 unit COGS (USD) Total Per Unit
    Beginning Inventory Price (USD) : 30 Average 15,600 32.500
    Sold Unit : 520 unit FIFO 15,180 31.625
    Ending Inventory : 480 unit LIFO 18,480 38.500

    Date PO # Item Name Price (USD) Unit Total Price


    Beginning Inventory as of 1 Apr 09 30 100 3,000
    4-Apr 101 Mobile Phone Battery 29 500 14,500
    12-Apr 102 Mobile Phone Battery 35 250 8,750
    19-Apr 103 Mobile Phone Battery 40 100 4,000
    25-Apr 104 Mobile Phone Battery 45 50 2,250

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