Chapter 8 Inventories and Cost of Sales
Fustain First-Out
Det (FIFO the facing costs to both inventory and cost of goods to
es are sold in the order acquired. When sales occur, the costs of
are capeltoast of gods sold This leaves the costs from the most
shinemory Use of Pro for computing the cost of inventory and cost
fi
w mag inventory of 10 bikes at $91 each on August 315 more
106 charge for si. Inventory now consists of 10 bikes at $91 each
is how to cha tal of 2.500 on August 14 20 bikes are sold applying
the first set ost or each and the next 10 sold cost $106 each for a total cost of
som This lunes alessing $106 exhor $530, in inventory. On August 17, 20 bikes
pecanto deseandher 10 bikes costing $1,190 are purchased
15 Mes ning 2000 in imemtory On August 31, 23 bikes are sold!
Free shies als 330 and the next is sold cost $2,070, which leaves
Th.com 51.430 in ending inventory
Answers
Explanation:
Chapter 8 Inventories and Cost of Sales
Fustain First-Out
Det (FIFO the facing costs to both inventory and cost of goods to
es are sold in the order acquired. When sales occur, the costs of
are capeltoast of gods sold This leaves the costs from the most
shinemory Use of Pro for computing the cost of inventory and cost
fi
w mag inventory of 10 bikes at $91 each on August 315 more
106 charge for si. Inventory now consists of 10 bikes at $91 each
is how to cha tal of 2.500 on August 14 20 bikes are sold applying
the first set ost or each and the next 10 sold cost $106 each for a total cost of
som This lunes alessing $106 exhor $530, in inventory. On August 17, 20 bikes
pecanto deseandher 10 bikes costing $1,190 are purchased
15 Mes ning 2000 in imemtory On August 31, 23 bikes are sold!
Free shies als 330 and the next is sold cost $2,070, which leaves
Answer:
Cost of Sales
Fustain First-Out
Det (FIFO the facing costs to both inventory and cost of goods to
es are sold in the order acquired. When sales occur, the costs of
are capeltoast of gods sold This leaves the costs from the most
shinemory Use of Pro for computing the cost of inventory and cost
fi
w mag inventory of 10 bikes at $91 each on August 315 more
106 charge for si. Inventory now consists of 10 bikes at $91 each
is how to cha tal of 2.500 on August 14 20 bikes are sold applying
the first set ost or each and the next 10 sold cost $106 each for a total cost of
som This lunes alessing $106 exhor $530, in inventory. On August 17, 20 bikes
pecanto deseandher 10 bikes costing $1,190 are purchased
15 Mes ning 2000 in imemtory On August 31, 23 bikes are sold!
Free shies als 330 and the next is sold cost $2,070, which leaves
Th.com 51.430 in ending inventory