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  • Sock Fifo

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    David Junior
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    This document shows receipts and issues of inventory items over time, tracking units, price, total for each transaction, and running balance. On June 2nd there was an opening balance of 500 units priced at $20.80 each for a total of $10,400. Throughout the month various receipts and issues were recorded, with the balance regularly updating based on transactions. The final balance on June 27th was 750 units priced at $31.50 each for a total value of $23,625.

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    sock fifo

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    This document shows receipts and issues of inventory items over time, tracking units, price, total for each transaction, and running balance. On June 2nd there was an opening balance of 500 units priced at $20.80 each for a total of $10,400. Throughout the month various receipts and issues were recorded, with the balance regularly updating based on transactions. The final balance on June 27th was 750 units priced at $31.50 each for a total value of $23,625.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views3 pages

    Sock Fifo

    Uploaded by

    David Junior
    This document shows receipts and issues of inventory items over time, tracking units, price, total for each transaction, and running balance. On June 2nd there was an opening balance of 500 units priced at $20.80 each for a total of $10,400. Throughout the month various receipts and issues were recorded, with the balance regularly updating based on transactions. The final balance on June 27th was 750 units priced at $31.50 each for a total value of $23,625.

    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 3

    Date Receipts Issued Balance on Hand

    Units Price Total Units Price Total Units Price Total


    2-Jun 500 20.8 10400
    5-Jun 500 20.8 10400
    1500 24.7 37050 1500 24.7 37050
    9-Jun 195 20.8 4056 305 20.8 6344
    1500 24.7 37050
    15-Jun 305 20.8 6344
    1500 24.7 37050
    300 27 8100 300 27 8100
    19-Jun 305 20.8 6344 0 20.8 0
    445 24.7 10991.5 1055 24.7 26058.5
    300 27 8100
    22-Jun 760 24.7 18772 295 24.7 7286.5
    300 27 8100
    27-Jun 295 24.7 7286.5
    300 27 8100
    750 31.5 23625 750 31.5 23625
    +
    Balance
    10400

    47450

    43394

    51494

    34158.5

    15386.5

    39011.5

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