Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please calculate the cost of good sold for everyth

please calculate the cost of good sold for everything with FIFO method. Purchases:...

90.2K

Verified Solution

Question

Accounting

please calculate the cost of good sold for everything with FIFO method.
Purchases: Frog shaped candy 100*4=400
Marshmallow pink 50*3=150
Chewing gum 50*8=400
Dog shaped candy 30*9=270
Frog shaped candy 600*3=1800
Chocolate chip cookies 330*2=660
Marshmallow red 200*5=1000
Marshmallow pink 150*6=900
Chewing gum 200*1.5=300
Smarties 300*10=3000
Returned items:
Frog shaped candy -60*4=-240
Marshmallow pink -20*3=-60
Selling
Frog shaped candy 400*15=6000
Chocolate chip cookies 100*4=400
Marshmallow red 200*8=1600
Smarties 200*30=6000
frog shaped candy 40*50=2000
dog shaped candy 10*50=500
This is the remaining goods :
Frog shaped candy 200
Chocolate chip cookies 230
Marshmallow pink 180
Chewing gum 250
Smarties 100
Dog shaped candy 20
Marshmallow red 0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Consider a sample space with 3 A’s and 2 B’s. Assume that each sample point is...

Advance Math
1.2K views

Consider the mixing process shown in the figure. A mixing chamber initially contains 2 liters of...

Basic Math
1.2K views

11. A manufacturing company produced the following number of units in the last 16 days: 27...

Biology
1.2K views

Between which two pairings would competition exist O Grizzly Bear and Salmon O Human and...

Physics
1.2K views

Question Calculate the pressure in the hose whose absolute pressure is 1 01 x 105...

Physics
1.2K views

The pressure exerted by sea water of density 1025 kg m on a fish at...

Statistics
1.2K views

4 44 A survey is conducted to estimate the percentage of pine trees in a...

Algebra
1.2K views

Find a polynomial of degree n that has the given zero s There are many...

Accounting
1.2K views

Discussion Question 12-13 (LO. 3) Paola exercised an incentive stock option on March 1, 2016....

Accounting
1.2K views

Rickys Piano Rebuilding Company has been operating for one year. On January 1, at the...

Accounting
1.2K views

1.Table 1 indicates that Firm Ms net contribution is the lowest in the industry. Using...

Finance
1.2K views

QUESTION 2 You buy a stock for $22.3 per share and sell it for $28.9...