Solution-Calculate russell companys sales revenue cost of

Calculate russell companys sales revenue cost of goods

Reference no: EM13974289

	Units	Cost per Unit	Total Cost
May 1 Purchase	25	$ 13	$ 325
May 15 Purchase	25	18	450
May 20 Purchase	25	23	575
Goods available for sale	75		$ 1,350

Russell purchased a total of 75 units, which cost a total of $1,350. On May 31st a customer purchased 25 units. Russell's selling price was $26 per unit.

Fill in the table below, calculate Russell Company's sales revenue, cost of goods sold, gross profit and ending inventory balance under each of the three inventory cost flow assumptions. Round your answer to the nearest dollar. However, do not round intermediate calculations.

	FIFO	LIFO	Average Cost
Revenue	$	$	$
Cost of goods sold
Gross profit	$	$	$
Ending inventory	$	$	$

Reference no: EM13974289

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Calculate russell companys sales revenue cost of goods : Russell purchased a total of 75 units, which cost a total of $1,350. On May 31st a customer purchased 25 units. Russell's selling price was $26 per unit. Fill in the table below, calculate Russell Company's sales revenue, cost of goods sold, gross pr..

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Calculate russell companys sales revenue cost of goods

Reference no: EM13974289

Reference no: EM13974289

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