Fifo Period
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Transcript of Fifo Period
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8/18/2019 Fifo Period
1/24
The cost of goods available for sale.
COST OF
Date Explanation
1/1/2015 Inv 01/011/5/2015 Purchase
1/10/2015 Purchase
1/15/2015 Purchase
Total
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
1/15/2015 20 !1"0#0$00 !21"%00$00
T&T'( 20 !21"%00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
1/%/2015 ,0 !-00$00 !#2"000$001/#/2015 50 !-00$00 !%5"000$00
1/20/2015 120 !-00$00 !10,"000$00
1/22/2015 %0 !-00$00 !."000$00
1/2%/2015 .0 !1"000$00 !.0"000$00
20 !1"050$00 !21"000$00
1/2/2015 10 !1"050$00 !10"500$00
1/2-/2015 20 !1"0#0$00 !21"%00$00
T&T'( .#0 !.%."-00$00
Gross Prot
Sales 370 !" 1#350.00
$%& '(GS
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8/18/2019 Fifo Period
2/24
GOODS AVAILABLE FOR SALE
Units Unit Cost Total Cost
2-0 !-00$00 !21"000$00.0 !1"000$00 !.0"000$00
.0 !1"050$00 !.1"500$00
%0 !1"0#0$00 !%2",00$00
.-0 !.5".00$00
!")**#500.00
!"3)3#*00.00
!"155#+00.00
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8/18/2019 Fifo Period
3/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE F
Date Explanation Units
2/1/2015 Inv 01/02 20
2/5/2015 Purchase 50
2/10/2015 Purchase .02/15/2015 Purchase %0
Total 1%0
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
2/15/2015 .0 !1"0-0$00 !.2"#00$00
T&T'( .0 !.2"#00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
5/./2015 20 !1"0#0$00 !21"%00$00
2/#/2015 25 !1"0,0$00 !2#"000$00
2/10/2015 25 !1"0,0$00 !2#"000$002/12/2015 .0 !1"0,0$00 !.2"%00$00
2/1#/2015 5 !1"0-0$00 !5"%50$00
2/22/2015 5 !1"0-0$00 !5"%50$00
T&T'( 110 !11,"#00$00
Gross Prot
Sales 110 !" 1#350.00 !"1),#500.00
$%& '(GS !"11,#700.00
!"2*#,00.00
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8/18/2019 Fifo Period
4/24
OR SALE
Unit Cost Total Cost
!1"0#0$00 !21"%00$00
!1"0,0$00 !5%"000$00
!1"0,0$00 !.2"%00$00!1"0-0$00 !%."00$00
!151"%00$00
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8/18/2019 Fifo Period
5/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit Cost
3/1/2015 Inv 01/0. .0 !1"0-0$003/+/2015 Purchase 50 !1"100$00
3/11/2015 Purchase .0 !1"110$00
3/20/2015 Purchase %0 !1"110$00
Total 150
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
./20/2015 .0 !1"110$00 !..".00$00
T&T'( .0 !..".00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
././2015 .0 !1"0-0$00 !.2"#00$00
./#/2015 %0 !1"100$00 !%%"000$00
./15/2015 .0 !1"110$00 !..".00$00
./1#/2015 10 !1"110$00 !11"100$00
./2,/2015 10 !1"110$00 !11"100$00
T&T'( 120 !1.2"200$00
Gross Prot
Sales 120 !" 1#350.00 !"1+2#000.00
$%& '(GS !"132#200.00!"2*#,00.00
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8/18/2019 Fifo Period
6/24
Total Cost
!.2"#00$00!55"000$00
!..".00$00
!%%"%00$00
!15"%00$00
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8/18/2019 Fifo Period
7/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit Cost
)/1/2015 Inv 01/0% .0 !1"110$00)/+/2015 Purchase #0 !1"110$00
)/12/2015 Purchase %0 !1"110$00
)/22/2015 Purchase 50 !1"110$00
Total 1-0
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
%/22/2015 %0 !1"110$00 !%%"%00$00
T&T'( %0 !%%"%00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
%/./2015 .0 !1"110$00 !..".00$00%/#/2015 50 !1"110$00 !55"500$00
%/1%/2015 %0 !1"110$00 !%%"%00$00
%/1,/2015 20 !1"110$00 !22"200$00
%/2/2015 10 !1"110$00 !11"100$00
T&T'( 150 !1"500$00
Gross Prot
Sales 150 !" 1#350.00 !"202#500.00
$%& '(GS !"1++#500.00!"3+#000.00
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8/18/2019 Fifo Period
8/24
Total Cost
!..".00$00!##"#00$00
!%%"%00$00
!55"500$00
!210"-00$00
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8/18/2019 Fifo Period
9/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit Cost
5/1/2015 Inv 01/05 %0 !1"110$005/5/2015 Purchase ,0 !1"110$00
5/11/2015 Purchase %0 !1"110$00
5/1,/2015 Purchase %0 !1"110$00
Total 200
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
5/11/2015 20 !1"110$00 !22"200$00
5/1,/2015 %0 !1"110$00 !%%"%00$00
T&T'( 0 !"00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
5/./2015 %0 !1"110$00 !%%"%00$005/#/2015 %0 !1"110$00 !%%"%00$00
5/1%/2015 %0 !1"110$00 !%%"%00$00
5/20/2015 10 !1"110$00 !11"100$00
5/2/2015 10 !1"110$00 !11"100$00
T&T'( 1%0 !155"%00$00
Gross Prot
Sales 1)0 !" 1#350.00 !"1,*#000.00
$%& '(GS !"155#)00.00!"33#+00.00
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8/18/2019 Fifo Period
10/24
Total Cost
!%%"%00$00!,,",00$00
!%%"%00$00
!%%"%00$00
!222"000$00
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8/18/2019 Fifo Period
11/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FO
Date Explanation Units
+/1/2015 Inv 01/0 20+/1/2015 Inv 01/0 %0
+/11/2015 Purchase 50
+/1,/2015 Purchase 50
+/2+/2015 Purchase 50
Total 210
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
/1,/2015 10 !1"110$00 !11"100$00
/2/2015 50 !1"110$00 !55"500$00
T&T'( 0 !"00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
/./2015 20 !1"110$00 !22"200$00/#/2015 %0 !1"110$00 !%%"%00$00
/15/2015 20 !1"110$00 !22"200$00
/20/2015 .0 !1"110$00 !..".00$00
/2,/2015 %0 !1"110$00 !%%"%00$00
T&T'( 150 !1"500$00
Gross Prot
Sales 150 !" 1#350.00 !"202#500.00
$%& '(GS !"1++#500.00!"3+#000.00
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8/18/2019 Fifo Period
12/24
SALE
Unit Cost Total Cost
!1"110$00 !22"200$00!1"110$00 !%%"%00$00
!1"110$00 !55"500$00
!1"110$00 !55"500$00
!1"110$00 !55"500$00
!2.."100$00
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8/18/2019 Fifo Period
13/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit Cost
7/1/2015 Inv 01/0# 10 !1"110$007/1/2015 Inv 01/0# 50 !1"110$00
7/13/2015 Purchase #0 !1"110$00
7/1,/2015 Purchase -0 !1"110$00
7/2,/2015 Purchase 0 !1"110$00
Total 2,0
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
#/1,/2015 10 !1"110$00 !11"100$00
#/2,/2015 0 !1"110$00 !"00$00
T&T'( #0 !##"#00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
#/./2015 50 !1"110$00 !55"500$00#/#/2015 50 !1"110$00 !55"500$00
#/1/2015 %0 !1"110$00 !%%"%00$00
#/2#/2015 .0 !1"110$00 !..".00$00
2-/#2015 %0 !1"110$00 !%%"%00$00
T&T'( 210 !2.."100$00
Gross Prot
Sales 210 !" 1#350.00 !"2,3#500.00
$%& '(GS !"233#100.00!"50#)00.00
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8/18/2019 Fifo Period
14/24
Total Cost
!11"100$00!55"500$00
!##"#00$00
!--"-00$00
!"00$00
!.10",00$00
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8/18/2019 Fifo Period
15/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit Cost
,/1/2015 Inv 01/0, 10 !1"110$00,/1/2015 Inv 01/0, 0 !1"110$00
,/13/2015 Purchase 50 !1"110$00
,/1,/2015 Purchase #0 !1"110$00
,/2,/2015 Purchase 50 !1"110$00
Total 2%0
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
,/1,/2015 15 !1"110$00 !1"50$00
,/2,/2015 50 !1"110$00 !55"500$00
T&T'( 5 !#2"150$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
,/./2015 %0 !1"110$00 !%%"%00$00
,/#/2015 .0 !1"110$00 !..".00$00
,/1/2015 50 !1"110$00 !55"500$00
,/2#/2015 .0 !1"110$00 !..".00$00
,/2-/2015 25 !1"110$00 !2#"#50$00
T&T'( 1#5 !1-%"250$00
Gross Prot
Sales 175 !" 1#350.00 !"23+#250.00$%& '(GS !"1*)#250.00
!")2#000.00
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8/18/2019 Fifo Period
16/24
Total Cost
!11"100$00!"00$00
!55"500$00
!##"#00$00
!55"500$00
!2"%00$00
-
8/18/2019 Fifo Period
17/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit Cost
*/1/2015 Inv 01/0- 15 !1"110$00*/1/2015 Inv 01/0- 50 !1"110$00
*/13/2015 Purchase #0 !1"110$00
*/1,/2015 Purchase -0 !1"110$00
*/2,/2015 Purchase 0 !1"110$00
Total 2,5
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
-/1,/2015 10 !1"110$00 !11"100$00
-/2,/2015 0 !1"110$00 !"00$00
T&T'( #0 !##"#00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
-/./2015 50 !1"110$00 !55"500$00-/#/2015 50 !1"110$00 !55"500$00
-/1/2015 %0 !1"110$00 !%%"%00$00
-/2#/2015 .0 !1"110$00 !..".00$00
-/2-/2015 %5 !1"110$00 !%-"-50$00
T&T'( 215 !2.,"50$00
Gross Prot
Sales 215 !" 1#350.00 !"2*0#250.00
$%& '(GS !"23,#+50.00!"51#+00.00
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8/18/2019 Fifo Period
18/24
Total Cost
!1"50$00!55"500$00
!##"#00$00
!--"-00$00
!"00$00
!.1".50$00
-
8/18/2019 Fifo Period
19/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE FOR
Date Explanation Units
10/1/2015 Inv 01/10 1010/1/2015 Inv 01/10 0
10/13/2015 Purchase 0
10/1,/2015 Purchase ,0
7/2,/2015 Purchase #0
Total 2,0
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
10/1,/2015 50 !1"110$00 !55"500$00
T&T'( 50 !55"500$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
10/./2015 50 !1"110$00 !55"500$0010/#/2015 50 !1"110$00 !55"500$00
10/1/2015 %5 !1"110$00 !%-"-50$00
10/2#/2015 %0 !1"110$00 !%%"%00$00
10/2-/2015 %5 !1"110$00 !%-"-50$00
T&T'( 2.0 !255".00$00
Gross Prot
Sales 230 !" 1#350.00 !"310#500.00
$%& '(GS !"255#300.00!"55#200.00
-
8/18/2019 Fifo Period
20/24
SALE
Unit Cost Total Cost
!1"110$00 !11"100$00!1"110$00 !"00$00
!1"110$00 !"00$00
!1"110$00 !,,",00$00
!1"110$00 !##"#00$00
!.10",00$00
-
8/18/2019 Fifo Period
21/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE
Date Explanation Units
11/1/2015 Inv 01/11 5011/13/2015 Purchase 0
11/1,/2015 Purchase ,0
11/2,/2015 Purchase #0
Total 20
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
11/2,/2015 %0 !1"110$00 !%%"%00$00
T&T'( %0 !%%"%00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
11/./2015 50 !1"110$00 !55"500$00
11/#/2015 50 !1"110$00 !55"500$0011/1/2015 %5 !1"110$00 !%-"-50$00
11/2#/2015 %0 !1"110$00 !%%"%00$00
11/2-/2015 .5 !1"110$00 !.,",50$00
T&T'( 220 !2%%"200$00
Gross Prot
Sales 220 !" 1#350.00 !"2*7#000.00
$%& '(GS !"2))#200.00
!"52#,00.00
-
8/18/2019 Fifo Period
22/24
OR SALE
Unit Cost Total Cost
!1"110$00 !55"500$00!1"110$00 !"00$00
!1"110$00 !,,",00$00
!1"110$00 !##"#00$00
!2,,"00$00
-
8/18/2019 Fifo Period
23/24
The cost of goods available for sale.
COST OF GOODS AVAILABLE
Date Explanation Units
12/1/2015 Inv 01/12 %012/13/2015 Purchase -0
12/1,/2015 Purchase ,0
12/2,/2015 Purchase 50
Total 20
The ending inventory
FIFO
Ending Inventory
Date Units Unit Cost Total Cost
12/2,/2015 .0 !1"110$00 !..".00$00
T&T'( .0 !..".00$00
Proo) o) Cost o) *oods +old
Date Units Unit Cost Total Cost
12/%/2015 50 !1"110$00 !55"500$00
12/,/2015 50 !1"110$00 !55"500$0012/1#/2015 %0 !1"110$00 !%%"%00$00
12/2/2015 %0 !1"110$00 !%%"%00$00
12/.0/2015 50 !1"110$00 !55"500$00
T&T'( 2.0 !255".00$00
Gross Prot
Sales 230 !" 1#350.00 !"310#500.00
$%& '(GS !"255#300.00
!"55#200.00
-
8/18/2019 Fifo Period
24/24
OR SALE
Unit Cost Total Cost
!1"110$00 !%%"%00$00!1"110$00 !--"-00$00
!1"110$00 !,,",00$00
!1"110$00 !55"500$00
!2,,"00$00
