FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Instructions: Calculate perpetual moving average

E7.9 (LO 3) Excel (Periodic versus Perpetual Entries) Fong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company. Jan. 1 100 units at $5 each 4 80 units at $8 each Inventory Sale Purchase Sale Purchase 150 units at $6 each 120 units at $8.75 each 160 units at $7 each Sale 100 units at $9 each Fong Sai-Yuk uses the FIFO cost flow assumption. All purchases and sales are on account. 11 13 20 27
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Transcribed Image Text:E7.9 (LO 3) Excel (Periodic versus Perpetual Entries) Fong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company. Jan. 1 100 units at $5 each 4 80 units at $8 each Inventory Sale Purchase Sale Purchase 150 units at $6 each 120 units at $8.75 each 160 units at $7 each Sale 100 units at $9 each Fong Sai-Yuk uses the FIFO cost flow assumption. All purchases and sales are on account. 11 13 20 27
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