Compute Arthur Lloyd's ending inventory and cost of goods sold under each of the following...

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Accounting

Compute Arthur Lloyd's ending inventory and cost of goods sold under each of the following cost-flow methods assuming the company uses a perpetual inventory system (round your answer for cost per unit to two decimal places):

a. Moving Average

b. FIFO

c. LIFO

Arthur Llyod Associates
Moving Average
Current Year

In Excel Format

Transaction Unit Purchased Unit Cost Cumulative Unit Cost Cumulative Cost Average Cost Per Unit

Units Purchased/ Sold Unit Cost Cumulative Units Cost Cumulative Cost Average Cost Per Unit

Ending Inventory

Cost of Goods Sold

b. FIFO

In Excel Format

Transaction Units Purchased Unit Cost Total Cost Units Sold Cost of Goods Sold per Unit Cost of Good Sold

VALUE VALUE FORMULA VALUE FORMULA FORMULA
Ending Inventory VALUE VALUE FORMULA VALUE FORMULA FORMULA
c. LIFO VALUE VALUE FORMULA VALUE FORMULA FORMULA
In Excel Format VALUE VALUE FORMULA VALUE FORMULA FORMULA

Transaction Units Purchased Unit Cost Total Cost Units Sold Cost of Goods Sold per Unit Cost of Good Sold

VALUE VALUE FORMULA VALUE FORMULA FORMULA
Ending Inventory VALUE VALUE FORMULA VALUE FORMULA FORMULA
VALUE VALUE FORMULA VALUE FORMULA FORMULA
VALUE VALUE FORMULA VALUE FORMULA FORMULA
Ending Inventory -
Cost of Goods Sold #VALUE!
Arthur Llyod Associates
FIFO Perpetual
Current Year
Transaction Unit Purchased Unit Cost Cumulative Unit Cost Cumulative Cost Average Cost Per Unit Units Purchased Unit Cost Total Cost Units Sold Cost of Goods Sold per Unit Cost of Goods Sold
VALUE VALUE FORMULA
VALUE VALUE FORMULA
VALUE VALUE FORMULA
FORMULA
VALUE
VALUE VALUE FORMULA
VALUE VALUE FORMULA
VALUE VALUE FORMULA
VALUE
VALUE VALUE FORMULA
Cost of Goods Available for Sale FORMULA
Cost of Goods Sold FORMULA

Description

Description

VALUE
VALUE
Ending Inventory FORMULA
Arthur Llyod Associates
LIFO Pertpetual
Current Year

Transaction Unit Purchased

Unit Cost Total Cost Unit Sold Cost of Goods Sold Per Unit Cost of Good Sold

Cost of Goods Sold
FORMULA
FORMULA
FORMULA
DESCRIPTION VALUE
Ending Inventory FORMULA

Answer & Explanation Solved by verified expert
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