{"id":39566,"date":"2024-05-01T13:23:40","date_gmt":"2024-05-01T13:23:40","guid":{"rendered":"https:\/\/academicwritersbay.com\/writings\/the-ending-inventory-and-cogs\/"},"modified":"2024-05-01T13:23:40","modified_gmt":"2024-05-01T13:23:40","slug":"the-ending-inventory-and-cogs","status":"publish","type":"post","link":"https:\/\/academicwritersbay.com\/writings\/the-ending-inventory-and-cogs\/","title":{"rendered":"The ending inventory and COGS"},"content":{"rendered":"<p>\u00a0  Q. XYZ Companys record of transactions for the month of September was as follows.       Purchase   Sales     Date   Quantity   Unit Price   Date   Units     Sep 1   (Balance on hand) 100   $4.00   Sep 5   200     Sep 4   300   4.50   Sep 12   150     Sep 11   200   5.00   Sep 27   600     Sep 18   200   5.25   Sep 28   200     Sep 26   500   5.50  \u00a0 \u00a0    Sep 30   200   5.75  \u00a0 \u00a0    Total   1,500  \u00a0 \u00a0  1,150    \u00a0  Total units (ending inventory) 350  \u00a0      Required:\u00a0   Compute the ending inventory and COGS at September 30 on each of the following on periodic bases.   1. FIFO   2. WA   Answer:            Share on Facebook    Tweet    Follow us     \t\t\t\t\t\t\t \t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\tThis question has been answered. \t\t\t\t\t\t\t\t\t\t\tGet Answer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Q. XYZ Companys record of transactions for the month of September was as follows. Purchase Sales Date Quantity Unit Price Date Units Sep 1 (Balance on hand) 100 $4.00 Sep 5 200 Sep 4 300 4.50 Sep 12 150 Sep 11 200 5.00 Sep 27 600 Sep 18 200 5.25 Sep 28 200 Sep &#8230; <a title=\"The ending inventory and COGS\" class=\"read-more\" href=\"https:\/\/academicwritersbay.com\/writings\/the-ending-inventory-and-cogs\/\" aria-label=\"Read more about The ending inventory and COGS\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39566","post","type-post","status-publish","format-standard","hentry","category-essaywr"],"_links":{"self":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/posts\/39566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/comments?post=39566"}],"version-history":[{"count":0,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/posts\/39566\/revisions"}],"wp:attachment":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/media?parent=39566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/categories?post=39566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/tags?post=39566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}