Ask Experts Questions for FREE Help !
    sunfiregirl's Avatar
    sunfiregirl Posts: 11, Reputation: 1
    New Member

    Mar 29, 2008, 12:21 PM
    Cost of goods sold and gross profit
    Need help computing cost of goods sold and gross profit under FIFO, LIFO, Average cost. Beginning inventory 20 rolls @ $200, Purchase 8 rolls @ 300, Sale 15 rolls @ 500.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member

    Mar 29, 2008, 04:21 PM

    Please make an attempt.

    Then we will assist you.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

Schedule Cost of goods manufactured and cost of goods sold [ 10 Answers ]

I am taking my first class in Accounting and I am having difficulties with my homework. I have the following problem, that I have done in several ways and I always get an answer that is greater that the correct one. These are the figures (in thousands of dollars): Direct Labor Cost: $10,500...

Find Cost of goods sold and ending inventory using.average cost/FIFO/LIFO [ 2 Answers ]

I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35

Cost of end. Inv. And cost of goods sold under average cost [ 1 Answers ]

It's me again! I have another question to the same problem. In case someone else responds, I'll post the problem again. June 1 inv20051000 June 12 purch.30061800 June 23 purch. 50073500 June 30 inv. I need to compute the cost of the ending inventory and the cost of goods sold using the...

Finding Cost of Goods sold and Profit margin [ 1 Answers ]

By using the information given, please construct the company's Cost of goods sold and then the company's Profit Margin. Sales and Administrative / Operating Expenses $579,000 Manufacturing Overhead $ $353,200 Beginning Materials...

View more questions Search