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Inventory Calculations

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Swing Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as follows:UnitsUnit PriceTotal Cost

October 1, 20-1Beginning inventory450$20.00$9,000

October 181st purchase49020.5010,045

November 252nd purchase23021.504,945

January 12, 20-23rd purchase30023.507,050

March 174th purchase87024.5021,315

June 25th purchase81025.0020,250

August 216th purchase20025.505,100

September 277th purchase70026.5018,550

4,050$96,255

Use the following information for the specific identification method.There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units:100 are from October 18, 20-11st purchase

200 are from January 12, 20-23rd purchase

100 are from March 174th purchase

400 are from June 25th purchase

200 are from August 216th purchase

300 are from September 277th purchase

Required: Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of the following periodic inventory methods. For the weighted-average method, round the average unit cost to two decimal places. Round all final answers to the nearest dollar.Cost of Goods SoldCost of Ending Inventory

1. FIFO$ $

2. LIFO$ $

3. Weighted-average$ $

4. Specific identification$ $