Ask Experts Questions for FREE Help !
Ask
    hannahnoelle24's Avatar
    hannahnoelle24 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 28, 2013, 08:15 PM
    How do you find the cost of good sold?
    I need to find the costs of goods sold F.I.F.O, the costs of goods sold L.I.F.O, and the costs of goods sold Average Costs...

    85 units @ 2.25
    140 units @ 2.35 (Jan. 8)
    200 units @ 2.10 (Jan. 16)
    110 units @ 2.45 (Jan. 28)
    Fidget1's Avatar
    Fidget1 Posts: 105, Reputation: 4
    Junior Member
    		  
    #2

    Apr 29, 2013, 01:12 PM
    Well you certainly can't find any of it based on that information alone, so I think you might need the clairvoyant accountants forum for this one.
    Creativerex's Avatar
    Creativerex Posts: 3, Reputation: 1
    New Member
    		  
    #3

    May 1, 2013, 12:51 PM
    To start with you need to know how many goods were sold?
    Starting inventory.
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!

Determine the cost of ending inventory & the cost of good sold? [ 0 Answers ]

Hi ! I've honestly spent a long time trying to figure this out, but I keep getting the answer wrong and I'm not sure how I should go about this question. I'm not asking for you to just give me the answer, if you have time to give a little explanation that would be nice so I could understand what...

Cost of good sold [ 1 Answers ]

If I am using first in first out and sell some units are the sold units considered an asset or an expense

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 Merchandise v. Cost of Good Sold [ 1 Answers ]

Is cost of goods sold the same thing as cost of merchandise sold? If not and if no additional information about where the cost of merchandise sold figure came from should it be included on an income statement? :confused:

Inventory cost/cost of good sold [ 1 Answers ]

Is inventory cost the same as Cost of good sold? I believe it is but would be grateful for comfirmation.

View more questions Search