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Why Moms A Option #1: Inventory Costing & Periodic and Perpetual Inventory Systems Jordan Company is a manufacturing firm. Pr
Periodic FIFO 1-Jan Beginning Inventory Units Unit cost Cost 4,190 4,630 $20 $83,800 $25 $115,750 $199,550 12-Feb Purchase 18
o lo o o Perpetual IFO Purchases Sales (Cost of Goods Sold) Balance (Ending Inventory) Unit cost Units Unit cost Cost Units U
Perpetual Moving Average Purchases Sales (Cost of Goods Sold) Unit cost Balance Endin Inventery Unit cost Units Unit cost Cos
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Answer #1

Kindly round off as required since no instructions have been provided with the question regarding rounding off.

d) Perpetual LIFO Purchases Sales (Cost of Goods Sold) Balance (Ending Inventory)
Units Unit cost Cost Units Unit cost Cost Units Unit cost Cost
01-Jan Beg. Inv. 4190 20 83800
12-Feb Purchase 4630 25 115750 4190 20 83800
4630 25 115750
02-Mar Sale 3640 25 91000 4190 20 83800
990 25 24750
18-Apr Purchase 5950 28 166600 4190 20 83800
990 25 24750
5950 28 166600
31-May Sale 5180 28 145040 4190 20 83800
990 25 24750
770 28 21560
Totals 10580 282350 8820 236040 5950 130110
e) Periodic weighted average
Total units sold 8820
Units Unit cost Cost
Beginning inventory 4190 20 83800
Purchases 4630 25 115750
Purchases 5950 28 166600
14770 366150
Weighted average/per unit 24.79012
Cost of goods sold 218648.8
f) Perpetual Moving Average Purchases Sales (Cost of Goods Sold) Balance (Ending Inventory)
Units Unit cost Cost Units Unit cost Cost Units Unit cost Cost
01-Jan Beg. Inv. 4190 20 83800
12-Feb Purchase 4630 25 115750 8820 22.62472 199550
02-Mar Sale 3640 22.62472 82353.97 5180 22.62472 117196
18-Apr Purchase 5950 28 166600 11130 25.4983 283796
31-May Sale 5180 25.4983 132081.2 5950 25.4983 151714.9
Totals 10580 282350 8820 214435.1 5950 151714.9
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