Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please calculate the cost of good sold for everyth

please calculate the cost of good sold for everything with FIFO method. Purchases:...

90.2K

Verified Solution

Question

Accounting

please calculate the cost of good sold for everything with FIFO method.
Purchases: Frog shaped candy 100*4=400
Marshmallow pink 50*3=150
Chewing gum 50*8=400
Dog shaped candy 30*9=270
Frog shaped candy 600*3=1800
Chocolate chip cookies 330*2=660
Marshmallow red 200*5=1000
Marshmallow pink 150*6=900
Chewing gum 200*1.5=300
Smarties 300*10=3000
Returned items:
Frog shaped candy -60*4=-240
Marshmallow pink -20*3=-60
Selling
Frog shaped candy 400*15=6000
Chocolate chip cookies 100*4=400
Marshmallow red 200*8=1600
Smarties 200*30=6000
frog shaped candy 40*50=2000
dog shaped candy 10*50=500
This is the remaining goods :
Frog shaped candy 200
Chocolate chip cookies 230
Marshmallow pink 180
Chewing gum 250
Smarties 100
Dog shaped candy 20
Marshmallow red 0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Before today's science class, Jose thought that salt was something thathe uses to season his...

Biology
Q

How do i calculate Paid in capital common and retained earnings when stock is sold below...

Accounting
Q

Re-write following while loop into Java statements that use a Do-while loop. Your final code should...

Programming
Q

Do you remember the proverb declaring that if you give a man a fish, you feed...

Psychology
Q

A simple pendulum of length 1 metre suspended from the ceiling of a lift executes...

Physics
Q

Cabot Creamery Cooperative tried three times and was able to concoct the world's largest smoothie....

Basic Math
Q

Solve the following rational inequality.(x+3)(x-4)/ (x-2)>0-3 ?x?2 or x ? 4x>4-3 < x < 2...

Basic Math
Q

Consider the quadrilateral OABC such that ZOAC 20 ZOCA 20 ZACB 45 ZBAC Find ZBOC...

Algebra
Q

Use Figure 9 2 to complete problems 2 and 3 Check your answers in the...

Algebra
Q

NG HW Ch 11 Question 2 (of 9) 1.25 points The management of Kunkel Company...

Accounting
Q

When a manufacturing company finishes production and transfers items from work-in-process to finished goods inventory,...

Accounting
Q

QUESTION; If the bank allowed for a TDS ratio of 28% what would be the...

Accounting