Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Compute the ending inventory using the FIFO and the weighted average method below. These are the same transactions used in week 3 homework: units price 1-Jan Beginning inventory 3,500 $3.00

/in /by
There are two problems this week.  Click on the tab at the bottom of the spreadsheet to see problem 2.
Compute the ending inventory using the FIFO and the weighted average method below.  These are the same transactions used in week 3 homework:
 units  price 
1-JanBeginning inventory           3,500  $                     3.00
14-JanBought           1,500  $                     3.15
5-FebSold           1,000
22-FebBought           2,000  $                     3.20
7-MarSold           1,500
15-MarSold           2,000
5-AprBought           1,000  $                     3.25
10-AprSold              800
12-AprSold              800
22-AprSold              500
4-MaySold              600
10-MayBought           2,000  $                     3.30
25-MaySold              500
FIFO method (scroll down for Weighted Average entry area)
PurchasedSoldBalance
Dateunits cost  total units cost  total units cost  total 
1-Jan3500 $      3.00  $           10,500.00
Weighted Average Method
PurchasedSoldBalance
Dateunits cost  total units cost  total units cost  total 
1-Jan3500 $    3.000  $           10,500.00
 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"