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reris company began January with DJUU units Or its principal progucu...

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Accounting

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reris company began January with DJUU units Or its principal progucu ine cost or each unit is po merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 Purchases Unit Cost $ 9 10 Total cost $ 45,000 60,000 $105,000 * Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan. 12 Jan, 20 Total Units 3,000 2,000 4,000 9,000 8,000 units were on hand at the end of the month. 2. Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system, LIFO Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Cost of Cost per Goods # of units Cost per Cost of # of units unit Available for sold unit Goods Sold Sale 6,000 $ 8.00 $ 48,000 $ 8.00 $ 0 Ending Inventory - Periodic LIFO # of units Cost per Ending in ending unit Inventory Inventory $ 8.00 $ 0 Beginning inventory Purchases: January 10 January 18 Total 27,000 9.00 0 5,000 $9.00 6,000 $10.00 17.000 45,000 60.000 153,000 3.000 $ $ 3,000 9.00 10.00 $ $ 0 10.00 TOD S $ 27,000 0 $ CD

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