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
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
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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