The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table, Date of purchase Number of plate stands purchased Cost per unit Total cost Ending inventory January 1 538 $ 2 317 April 1 400 $ 1.90 17 July 1 200 $ 2.10 123 October 1 500 $ 1.90 47

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Answer 1

Question

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

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Answer 2

Question

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

Expert Solution & Answer

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Answer 3

Question

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

Expert Solution & Answer

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Answer 4

Question

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

Expert Solution & Answer

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Answer 5

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

Answer 6

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

Answer 7

Chapter 18.1, Problem 3-2SC

To determine

To calculate: The total cost of goods which are available for sale, cost of ending inventory, and cost of goods that were sold using the FIFO inventory method and complete the following table,

Date of purchase

Number of plate stands purchased

Cost per unit

Total cost

Ending inventory

January 1

538

$2

317

April 1

400

$1.90

17

July 1

200

$2.10

123

October 1

500

$1.90

47

Answer 8

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Answer 9

Expert Solution & Answer

Answer 10

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Answer 11

Ch. 18.1 - Prob. 1-1SC Ch. 18.1 - Prob. 1-2SC Ch. 18.1 - Prob. 1-3SC Ch. 18.1 - Prob. 1-4SC Ch. 18.1 - Prob. 2-1SC Ch. 18.1 - Prob. 2-2SC Ch. 18.1 - Prob. 2-3SC Ch. 18.1 - Prob. 2-4SC Ch. 18.1 - Prob. 3-1SC Ch. 18.1 - Prob. 3-2SC

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Chapter 18 Solutions

Date of purchase	Number of plate stands purchased	Cost per unit	Total cost	Ending inventory
January 1	538	$2		317
April 1	400	$1.90		17
July 1	200	$2.10		123
October 1	500	$1.90		47