acc225 exercise_6_1

Apr 17th, 2015
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Exercise 6-1A. Specific IdentificationGoods PurchasedDateQtyUnit Cost Total CostBeginning BalanceCost of Goods SoldQtyJanuary 10March 72005.50706.00420.0050756.005.50712.501251003755.505.004.401,100.00March 15July 285005.002,500.00October 33754.401,650.00October 5December 191004.10Unit Cost Total Cost2,837.50410.00Total Cost of Goods Sold =3,970.00B. Weighted AverageGoods PurchasedDateQtyUnit Cost Total CostBeginning BalanceCost of Goods SoldQtyJanuary 10March 72005.50July 285005.002,500.00October 33754.401,650.00October 51004.10706.00420.001255.60700.006004.852,910.001,100.00March 15December 19Unit Cost Total Cost410.00Total Cost of Goods Sold =4,030.00C. FIFOGoods PurchasedDateQtyUnit Cost Total CostBeginning BalanceCost of Goods SoldQtyUnit Cost Total CostJanuary 10March 72005.50706.00420.0050756.005.50712.501254755.505.001,100.00March 15July 285005.002,500.00October 33754.401,650.00October 5December 191004.103,062.50410.00Total Cost of Goods Sold =4,195.00D. L

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