Comments on: Perpetual Student: FIFO Accounting Method http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php Mon, 28 Nov 2011 14:37:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Lynette http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-1036 Lynette Fri, 30 Sep 2011 15:32:13 +0000 http://harleystagner.com/?p=47#comment-1036 I am confused on what to do? Date Purchases Cost of Merchandise Sold Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Mar. 3 60 $1,500 $90,000 8 120 $1,800 $216,000 60 $1,500 $90,000 120 $1,800 $216,000 11 60 $1,500 $90,000 100 $1,800 $180,000 20 $1,800 $36,000 30 50 $2,500 Apr. 8 10 19 28 May 5 16 21 28 31 Balances $894,000 $264,000 I am confused on what to do?
Date Purchases Cost of Merchandise Sold Inventory
Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost

Mar. 3 60 $1,500 $90,000
8 120 $1,800 $216,000 60 $1,500 $90,000
120 $1,800 $216,000
11 60 $1,500 $90,000 100 $1,800 $180,000
20 $1,800 $36,000
30 50 $2,500
Apr. 8

10

19
28

May 5
16
21

28

31 Balances $894,000 $264,000

]]> By: Patty Johnson http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-933 Patty Johnson Sat, 12 Jun 2010 21:03:05 +0000 http://harleystagner.com/?p=47#comment-933 Thanks for your assistant Thanks for your assistant

]]> By: Patty Johnson http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-932 Patty Johnson Sat, 12 Jun 2010 21:02:33 +0000 http://harleystagner.com/?p=47#comment-932 I really need some help with FIFO inventory method I really need some help with FIFO inventory method

]]> By: Patty Johnson http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-931 Patty Johnson Sat, 12 Jun 2010 21:00:36 +0000 http://harleystagner.com/?p=47#comment-931 March 3 Inventory 60 Units For Per unit $1,500 Total $90,000 March 8Purchase 120 Units Per Unit $1,800 Total $216,000 March 11 Sale 80 units per unit $5,000 Total $400,000 March 30 Sale 50 units per unit $5,000 Total $ 250,00 How do I use the FIFO Method with this March 3 Inventory 60 Units For Per unit $1,500 Total $90,000
March 8Purchase 120 Units Per Unit $1,800 Total $216,000
March 11 Sale 80 units per unit $5,000 Total $400,000
March 30 Sale 50 units per unit $5,000 Total $ 250,00
How do I use the FIFO Method with this

]]> By: Andrea Walker http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-765 Andrea Walker Sun, 04 Oct 2009 18:50:59 +0000 http://harleystagner.com/?p=47#comment-765 I am really having trouble understanding the FIFO and LIFO. My homework is to use a perpetual inventory system and LIFO/FIFO costing method for a retailer. I have the problems but am so lost as to where to even began. I am really having trouble understanding the FIFO and LIFO. My homework is to use a perpetual inventory system and LIFO/FIFO costing method for a retailer. I have the problems but am so lost as to where to even began.

]]> By: devanthi http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-493 devanthi Thu, 15 Jan 2009 16:57:03 +0000 http://harleystagner.com/?p=47#comment-493 This spreadsheet was helpful for me to improve the knowledge about FIFO method. This spreadsheet was helpful for me to improve the knowledge about FIFO method.

]]> By: Robin http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-487 Robin Fri, 14 Nov 2008 23:58:16 +0000 http://harleystagner.com/?p=47#comment-487 please help, i do not under stand the accounting of fifo please help, i do not under stand the accounting of fifo

]]> By: Harley Stagner http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-479 Harley Stagner Wed, 23 Jul 2008 03:25:51 +0000 http://harleystagner.com/?p=47#comment-479 Hello Elton, Thank you for pointing this out. It should be fixed now. Regards, Harley Stagner Hello Elton,

Thank you for pointing this out. It should be fixed now.

Regards,

Harley Stagner

]]> By: Elton Clark http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-477 Elton Clark Tue, 22 Jul 2008 23:08:03 +0000 http://harleystagner.com/?p=47#comment-477 I was unable to download the excel file and got a 404 error. Could you check the issue and/or email the file to me if the fix is going to take a while? I was unable to download the excel file and got a 404 error. Could you check the issue and/or email the file to me if the fix is going to take a while?

]]> By: Harley Stagner http://www.harleystagner.com/perpetual-student/perpetual-student-fifo-accounting-method.php/comment-page-1#comment-93 Harley Stagner Fri, 21 Sep 2007 16:05:22 +0000 http://harleystagner.com/?p=47#comment-93 Hello Jin, Did you download the spreadsheet? If you really do need help, please use the contact form to get in touch with me. Regards, Harley Hello Jin,

Did you download the spreadsheet? If you really do need help, please use the contact form to get in touch with me.

Regards,

Harley

]]>