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

    Dec 21, 2010, 08:14 AM
    Kindly please.. purchase n sales retuned in FIFO, LIFO, AVERAGE method..
    How to journalized purchase return n sales return in FIFO, LIFO, and AVERAGE method?
    Please explain n the examples.. T_T

Check out some similar questions!

Weighed average fifo and lifo [ 1 Answers ]

I have been working on this problem for 1/25 for 3 days. I cannot figure out to get the correct answer. Its for weighted average and I know the equations and all the information I just cannot get it to work.. help would be much appreciated.. thank you (this is my first accounting class and it...

Fifo,lifo,average method [ 6 Answers ]

Jan 2005 bought 10@ $30 April 2005 bought 10@$34 October 2005 bought 20@$40 May 2005 sold 8@$50 Nov 2005 sold 24@$60 Required to show the comparison of the closing stock at the end of the year by using fifo, lifo, average costion method Please hepl me out of this question

I'm having trouble figuring out COGS using LIFO/FIFO/Average Cost method(s) [ 1 Answers ]

Canfield uses a perpetual inventory system. The company’s beginning inventory of a particular product and its purchases during the month of January were as follows: Quantity Unit Cost Total Cost Beginning inventory (Jan. 1) 50 $6 $300 Purchase (Jan. 10) 25 7 175...

Perpetual FIFO LIFO Average-Cost Method [ 0 Answers ]

I just can not figure out how to perform FIFO LIFO and average cost method under the Perpetual inventory system.


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.