Compute Arthur Lloyd's ending inventory and cost of goods sold under each of the following...
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Accounting
Compute Arthur Lloyd's ending inventory and cost of goods sold under each of the following cost-flow methods assuming the company uses a perpetual inventory system (round your answer for cost per unit to two decimal places):
a. Moving Average
b. FIFO
c. LIFO
Arthur Llyod Associates
Moving Average
Current Year
In Excel Format
Transaction Unit Purchased Unit Cost Cumulative Unit Cost Cumulative Cost Average Cost Per Unit
Units Purchased/ Sold
Unit Cost
Cumulative Units
Cost
Cumulative Cost
Average Cost Per Unit
Ending Inventory
Cost of Goods Sold
b. FIFO
In Excel Format
Transaction Units Purchased Unit Cost Total Cost Units Sold Cost of Goods Sold per Unit Cost of Good Sold
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
Ending Inventory
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
c. LIFO
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
In Excel Format
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
Transaction Units Purchased Unit Cost Total Cost Units Sold Cost of Goods Sold per Unit Cost of Good Sold
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
Ending Inventory
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
VALUE
VALUE
FORMULA
VALUE
FORMULA
FORMULA
Ending Inventory
-
Cost of Goods Sold
#VALUE!
Arthur Llyod Associates
FIFO Perpetual
Current Year
Transaction Unit Purchased Unit Cost Cumulative Unit Cost Cumulative Cost Average Cost Per Unit
Units Purchased
Unit Cost
Total Cost
Units Sold
Cost of Goods Sold per Unit
Cost of Goods Sold
VALUE
VALUE
FORMULA
VALUE
VALUE
FORMULA
VALUE
VALUE
FORMULA
FORMULA
VALUE
VALUE
VALUE
FORMULA
VALUE
VALUE
FORMULA
VALUE
VALUE
FORMULA
VALUE
VALUE
VALUE
FORMULA
Cost of Goods Available for Sale
FORMULA
Cost of Goods Sold
FORMULA
Description
Description
VALUE
VALUE
Ending Inventory
FORMULA
Arthur Llyod Associates
LIFO Pertpetual
Current Year
Transaction Unit Purchased
Unit Cost Total Cost Unit Sold Cost of Goods Sold Per Unit Cost of Good Sold
Cost of Goods Sold
FORMULA
FORMULA
FORMULA
DESCRIPTION
VALUE
Ending Inventory
FORMULA
Answer & Explanation
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