LIFO INVENTORY METHOD

purchase COGS balance

date
unit cost total unit cost total unit cost total
1-Jul 2 4950$ 9950$ 2 4950$ 9950$
22-Jul 3 5000 15000 3 5000 15000
28-Jul 3 5000 15000
1 4950 4950 1 4950 4950
3-Aug 3 5100 15300
31-Sep 3 5100 15300
1 4950 4950
39900

FIFO INVENTORY METHOD

purchase COGS balance
date
unit cost total unit cost total unit cost total
1-Jul 2 4950$ 9950$ 2 4950$ 9950$
22-Jul 3 5000 15000 3 5000 15000
28-Jul 2 4950 9950
2 5000 10000 1 5000 5000
3-Aug 3 5100 15300
31-Sep 1 5000 5000
3 510 15300
40250

AVARAGE COST METHOD

purchase COGS balance
date
unit cost total unit cost total unit cost total
1-Jul 2 4950$ 9950$ 2 4950$ 9950$
22-Jul 3 5000 15000 3 5000 15000
5 12475 24950
28-Jul 4 4990 1990 1 12475 12475
3-Aug 3 5100 15300 3 5100 15300
4 6943.75 27775
31-Sep 4 6943.75 27775
29765