Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Alpha SE, a wholesale company, uses the FiFo (First in First out) method for the valuatio
The table below shows the development of inventory for the fiscal year (ending December 31st).
Please write the following values in the table:
1. Costs of goods sold (for the months April, August, September)
2. Quantity of the closing inventory
Show
Month
Transaction type
Quantity
Costs per unit
Costs of goods
sold
January
Initial inventory
200
250 EUR
March
Purchased
200
250 EUR
April
June
July
Sold
200
EUR
Purchased
500
470 EUR
Purchased
100
300 EUR
August
Sold
450
EUR
September
Sold
100
EUR
November
Purchased
300
200 EUR
December
Closing inventory
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Transcribed Image Text:Time left Alpha SE, a wholesale company, uses the FiFo (First in First out) method for the valuatio The table below shows the development of inventory for the fiscal year (ending December 31st). Please write the following values in the table: 1. Costs of goods sold (for the months April, August, September) 2. Quantity of the closing inventory Show Month Transaction type Quantity Costs per unit Costs of goods sold January Initial inventory 200 250 EUR March Purchased 200 250 EUR April June July Sold 200 EUR Purchased 500 470 EUR Purchased 100 300 EUR August Sold 450 EUR September Sold 100 EUR November Purchased 300 200 EUR December Closing inventory
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