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CoGS Calculator V1.0

The company Electronic Goods Inc. had beginning inventory of 100 units with a price of $30 per unit for a total of $3,000 in beginning inventory. During the month of April, the company sold 520 units and had ending inventory of 480 units. Using different costing methods, the cost of goods sold was $15,600 under average costing, $15,180 under FIFO costing, and $18,480 under LIFO costing. The company made various purchases of mobile phone batteries throughout April at different unit prices.

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31 views

CoGS Calculator V1.0

The company Electronic Goods Inc. had beginning inventory of 100 units with a price of $30 per unit for a total of $3,000 in beginning inventory. During the month of April, the company sold 520 units and had ending inventory of 480 units. Using different costing methods, the cost of goods sold was $15,600 under average costing, $15,180 under FIFO costing, and $18,480 under LIFO costing. The company made various purchases of mobile phone batteries throughout April at different unit prices.

Uploaded by

EyeoSky
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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COST OF GOOD SOLDS

Company Name : Electronic Goods Inc.


Month Period : April-09
Beginning Inventory : 100 unit COGS (USD) Total Per Unit
Beginning Inventory Price (USD) : 30 Average 15,600 32.500
Sold Unit : 520 unit FIFO 15,180 31.625
Ending Inventory : 480 unit LIFO 18,480 38.500

Date PO # Item Name Price (USD) Unit Total Price


Beginning Inventory as of 1 Apr 09 30 100 3,000
4-Apr 101 Mobile Phone Battery 29 500 14,500
12-Apr 102 Mobile Phone Battery 35 250 8,750
19-Apr 103 Mobile Phone Battery 40 100 4,000
25-Apr 104 Mobile Phone Battery 45 50 2,250

VISIT EXCELTEMPLATE.NET FOR MORE TEMPLATES AND UPDATES

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