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O 7 8 9 UAWN 10 12 13 14 15 16 17 18 10 Date Jan. 1 Beginning inventory Jan. 11 Sales Jan. 15 Purchase Jan. 17:Sales Jan. Jan. 23 Sales Totals 21:Purchase Units purchased 200 300 350: 850 Cost per unit $10 Total Cost Units Sold of Purchase $2,000 124 14 3,600 4,900 $10,500 160: 240: 320 720 Selling Price per unit $30 $30: $30 Total Sales $4,800 7,200 9,600 $21,600

2 Your score: 29% formula is not correct 20 \begin{tabular}{|c|c|c|c|c|c|} \hline Cost of Goods Sold - Perpetual FIFO: & Units Sold & (9) & \begin{tabular}{l} Cost per \\ unit \end{tabular} & & \begin{tabular}{l} Cost of \\ Goods \\ Sold \end{tabular} \\ \hline \begin{tabular}{l} Calculate cost of goods sold for the \\ January 11 sale of 160 units. \end{tabular} & 160 & units@ & $10 & perunit = & $1,600 \\ \hline \multirow{3}{*}{\begin{tabular}{l} Calculate cost of goods sold for the \\ January 17 sale of 240 units. \end{tabular}} & & units@ & $10 & per unit = & 400 \\ \hline & 200 & units (8) & $12 & per unit = & 2.400 \\ \hline & 1 & & & Total & $4400 \\ \hline \multirow{3}{*}{\begin{tabular}{l} Calculate cost of goods sold for the \\ January 23 sale of 320 units. \end{tabular}} & & units @8. & $10 & per unit = & $1,000 \\ \hline & & units@ & $12 & per unit = & \\ \hline & & units@ & & per und = & \\ \hline \multicolumn{3}{|c|}{ Total Cost of Goods Sold for January - 720 units } & & & \\ \hline \end{tabular} Ending Inventory - Perpetual FIFO: Instructions FIFO UIFO 34 35 36 37 38 39 \begin{tabular}{|c|c|c|c|c|} \hline Ending Inventory - Perpetual FIFO: & \begin{tabular}{c} Units in \\ Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Inventory \\ Balance \end{tabular} \\ \hline Total Ending Inventory for January - 130 units & \\ \hline \end{tabular} Instructions FIFO LIFO \begin{tabular}{|c|c|c|c|c|} \hline Cost of Goods Sold - Perpetual LIFO: & Units Sold & @ & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Cost of \\ Goods \\ Sold \end{tabular} \\ \hline \multicolumn{5}{|l|}{\begin{tabular}{l} Calculate cost of goods sold for the \\ January 11 sale of 160 units. \end{tabular}} \\ \hline & & & & \\ \hline & & & & \\ \hline & & & 5 & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{4}{|c|}{ Total Cost of Goods Sold for January -720 units } & \\ \hline \end{tabular} 34 35 \begin{tabular}{|c|c|c|c|} \hline Ending Inventory - Perpetual LIFO: & \begin{tabular}{c} Units in \\ Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Inventory \\ Balance \end{tabular} \\ \hline Total Ending Inventory for January - 130 units & \\ \hline \end{tabular} 2 Your score: 29% formula is not correct 20 \begin{tabular}{|c|c|c|c|c|c|} \hline Cost of Goods Sold - Perpetual FIFO: & Units Sold & (9) & \begin{tabular}{l} Cost per \\ unit \end{tabular} & & \begin{tabular}{l} Cost of \\ Goods \\ Sold \end{tabular} \\ \hline \begin{tabular}{l} Calculate cost of goods sold for the \\ January 11 sale of 160 units. \end{tabular} & 160 & units@ & $10 & perunit = & $1,600 \\ \hline \multirow{3}{*}{\begin{tabular}{l} Calculate cost of goods sold for the \\ January 17 sale of 240 units. \end{tabular}} & & units@ & $10 & per unit = & 400 \\ \hline & 200 & units (8) & $12 & per unit = & 2.400 \\ \hline & 1 & & & Total & $4400 \\ \hline \multirow{3}{*}{\begin{tabular}{l} Calculate cost of goods sold for the \\ January 23 sale of 320 units. \end{tabular}} & & units @8. & $10 & per unit = & $1,000 \\ \hline & & units@ & $12 & per unit = & \\ \hline & & units@ & & per und = & \\ \hline \multicolumn{3}{|c|}{ Total Cost of Goods Sold for January - 720 units } & & & \\ \hline \end{tabular} Ending Inventory - Perpetual FIFO: Instructions FIFO UIFO 34 35 36 37 38 39 \begin{tabular}{|c|c|c|c|c|} \hline Ending Inventory - Perpetual FIFO: & \begin{tabular}{c} Units in \\ Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Inventory \\ Balance \end{tabular} \\ \hline Total Ending Inventory for January - 130 units & \\ \hline \end{tabular} Instructions FIFO LIFO \begin{tabular}{|c|c|c|c|c|} \hline Cost of Goods Sold - Perpetual LIFO: & Units Sold & @ & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Cost of \\ Goods \\ Sold \end{tabular} \\ \hline \multicolumn{5}{|l|}{\begin{tabular}{l} Calculate cost of goods sold for the \\ January 11 sale of 160 units. \end{tabular}} \\ \hline & & & & \\ \hline & & & & \\ \hline & & & 5 & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{4}{|c|}{ Total Cost of Goods Sold for January -720 units } & \\ \hline \end{tabular} 34 35 \begin{tabular}{|c|c|c|c|} \hline Ending Inventory - Perpetual LIFO: & \begin{tabular}{c} Units in \\ Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Inventory \\ Balance \end{tabular} \\ \hline Total Ending Inventory for January - 130 units & \\ \hline \end{tabular}

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