Calculate the cost of goods sold and the cost of the ending inventory using the LIFO periodic cost flow assumption.
Sales
99 units at $19 per unit
Beginning inventory
86 units at $12 per unit
Purchases
59 units at $10 per unit
Calculate the cost of goods sold using the LIFO periodic cost flow assumption.
Units
x
Cost per Unit
=
Total Cost
Units from beginning inventory
x
=
Units from purchase
x
=
Cost of Goods Sold – LIFO method
Calculate the cost of the ending inventory using the LIFO periodic cost flow assumption. ​(Enter 0’s for any layers where there were no units​ sold.)
Units
x
Cost per Unit
=
Total Cost
Units from beginning inventory
x
=
Units from purchase
x
=
Ending Inventory – LIFO method
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
The post Total Cost accounting assignment help appeared first on Nursing Writers Hub.
0 comments