TEXTBOOK: Health Care Finance - 1 Year Option, 4th Edition Judith J. Baker

Assignment Exercise 8–1: FIFO and LIFO Inventory

 

A1.Use the format in Exhibit 8–1 to compute the ending FIFO inventory and the cost of goods sold, assuming $90,000 in sales; beginning inventory 500 units @ $50; purchases of 400 units @ $50; 100 units @ $65; 400 units @ $80. 

Question 1

 

·         Assignment Exercises 8-1 through 8-5 on pages 469 through 473

·         Assignment Exercises 9-1 and 9-2 on pages 474 through 475

 

 

Question 2

 

·         Assignment Exercises 10-1, 10-2, and 10-3 on pages 476 through 479 

·         Assignment Exercises 11-1, 11-2, and 11-3 on pages 480 through 481

·         Assignment Exercises 12-1, 12-2, 12-3, 12-4, and 12-5 on pages 482 through 485

 

 

 

 

QUESTION 3

·         Assignment Exercises 13-3 and 13-4 on pages 487 through 488 

·         Assignment Exercises 14-2, 14-3, and 14-4 on pages 489 through 490

 

 

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