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    FIFO

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    Zunia Rachmawati
    The document summarizes inventory and sales data for multiple inventory lots and items. It shows 10 inventory lots being received with various quantities, costs, and ids. The total inventory received was 420,000 units at a total cost of $1,050,000. Item a001 had total sales of 100,000 units, with the cost of those goods sold calculated using FIFO (first in, first out) accounting at $1,050,000.

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    FIFO

    Uploaded by

    Zunia Rachmawati
    31 views2 pages
    The document summarizes inventory and sales data for multiple inventory lots and items. It shows 10 inventory lots being received with various quantities, costs, and ids. The total inventory received was 420,000 units at a total cost of $1,050,000. Item a001 had total sales of 100,000 units, with the cost of those goods sold calculated using FIFO (first in, first out) accounting at $1,050,000.

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    FIFO

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    The document summarizes inventory and sales data for multiple inventory lots and items. It shows 10 inventory lots being received with various quantities, costs, and ids. The total inventory received was 420,000 units at a total cost of $1,050,000. Item a001 had total sales of 100,000 units, with the cost of those goods sold calculated using FIFO (first in, first out) accounting at $1,050,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    31 views2 pages

    FIFO

    Uploaded by

    Zunia Rachmawati
    The document summarizes inventory and sales data for multiple inventory lots and items. It shows 10 inventory lots being received with various quantities, costs, and ids. The total inventory received was 420,000 units at a total cost of $1,050,000. Item a001 had total sales of 100,000 units, with the cost of those goods sold calculated using FIFO (first in, first out) accounting at $1,050,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Total Unit Sold :

    Id :

    Inventory Inward

    Lot
    Num
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10

    Id
    a001
    a002
    a001
    a004
    a002
    a003
    a001

    Inventory
    Lot
    50,000
    40,000
    10,000
    100,000
    100,000
    50,000
    70,000

    420,000

    Unit
    Cost
    10
    12
    15
    7
    12
    20
    10

    Unit
    Sold

    100,000
    a001
    Total Cost
    of
    Good Sold

    50,000
    0
    10,000
    0
    0
    0
    40,000
    0
    0
    0

    500,000
    0
    150,000
    0
    0
    0
    400,000
    0
    0
    0

    100,000

    1,050,000

    FIFO Cost of Inventory Outward for a001


    Data Table
    Sold
    Num

    Unit
    Sold

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10

    20,000
    30,000
    50,000
    0
    0
    0
    0
    0
    0
    0

    Total

    100,000

    Cost of
    Total
    Good Sold
    Unit Sold 1,050,000
    20,000
    50,000
    100,000
    100,000
    100,000
    100,000
    100,000
    100,000
    100,000
    100,000

    200,000
    500,000
    1,050,000
    1,050,000
    1,050,000
    1,050,000
    1,050,000
    1,050,000
    1,050,000
    1,050,000

    hide this 2 columns

    200,000
    300,000
    550,000
    0
    0
    0
    0
    0
    0
    0
    1,050,000

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