Myco Ponce B.

Paque
BSA – MA11

PROBLEM 11-4 (IAA)

REQUIRED I (FIFO)

PURCHASES SALES BALANCES

Date Unit Unit Total Unit Unit Total Unit Unit Total
Cost Cost Cost Cost Cost Cost
March 1,000 270 270,000
1
6 3,000 250 750,000 1,000 270 270,000
9 1,000 270 270,000 3,000 250 750,000
1,000 250 250,000 2,000 250 500,000
14 6,000 280 1,680,000 2,000 250 500,000
25 4,000 210 840,000 6,000 250 1,000,000
4,000 210 840,000
31 2,000 250 500,000
6,000 280 1,680,000 4,000 210 840,000
13,000 3,270,000 4,000 840,000

REQUIRED 2 (MOVING AVERAGE)

DATE UNIT UNIT COST TOTAL COST

March BEG. BALANCE 1,000 270 270,000
1
6 PURCHASES 3,000 250 750,000
BALANCE 4,000 255 1,020,000
9 SALES (2,000) 260 (320,000)
BALANCE 2,000 250 500,000
14 SALES 6,000 280 1,680,000
BALANCE 8,000 272.5 2,180,000
25 PURCHASE 4,000 210 840,000
BALANCE 12,000 251.67 3,020,000
31 SALE (8,000) 272.5 (2,180,000)
BALANCE 4,000 210 840,000