2009

No. of Cartons Unit Price

Beginning Balance 1,840 20.00
600 20.25
800 21.00
Purchases
400 21.25
200 21.50
Total Goods Available for Sale 3,840
Sales 2,820 34.00
EOH 1,020

Average Cost 20

2009 FIFO LIFO

Total Inventory Available for Sale 78,550.00 78,550.00
Total EOH Inventory 21,620.00 20,400.00
Total Sales 95,880.00 95,880.00
Cost of Goods Sold 56,930.00 58,150.00
Gross Margin 38,950.00 37,730.00
Tax 15,580.00 15,092.00
LIFO Reserve 1,220.00
2010
Total Inventory Available for Sale 89,370.00 88,150.00
Total EOH Inventory 23,130.00 20,830.00
Total Sales 110,110.00 110,110.00
Cost of Goods Sold 66,240.00 67,320.00
Gross Margin 43,870.00 42,790.00
Tax 17,548.00 17,116.00
LIFO Reserve 2,300.00
2011
Total Inventory Available for Sale 94,105.00 91,805.00
Total EOH Inventory 27,720.00 24,205.00
Total Sales 105,462.50 105,462.50
Cost of Goods Sold 66,385.00 67,600.00
Gross Margin 39,077.50 37,862.50
Tax 15,631.00 15,145.00
LIFO Reserve 3,515.00
2012
Total Inventory Available for Sale 73,560.00 70,045.00
Total EOH Inventory 9,600.00 8,000.00
Total Sales 96,525.00 96,525.00
Cost of Goods Sold 63,960.00 62,045.00
Gross Margin 32,565.00 34,480.00
Tax 13,026.00 13,792.00
LIFO Reserve
 2010 2011
No. of Cartons Unit Price No. of Cartons Unit Price
1,020 1,040
700 21.50 1,000 22.50
700 21.50 700 22.75
700 22.00 700 23.00
1,000 22.25 700 23.50
4,120 4,140
3,080 35.75 2,950 35.75
1,040 1,190

21.51 22.55

Average Cost 24,205

78,550.00
20,864.84
95,880.00
57,685.16
38,194.84
15,277.94 FIFO LIFO
Net Profit after Tax 1,750 2,238

89,370.00
22,368.80
110,110.00
67,001.20
43,108.80
17,243.52
Net Profit after Tax 3,192 4,844

94,105.00
26,830.70
105,462.50
67,274.30
38,188.20
15,275.28
Net Profit after Tax (4,274) (1,488)

73,560.00
9,376.87
96,525.00
64,183.13
32,341.87
12,936.75
Net Profit after Tax 9,939 12,688
 2011
No. of Cartons Unit Price
1,190
1,910 24

3,100
2,700 35.75
400

23.44

Average Cost
2,052

3,496

(3,918)

10,028