Marion Company had the following bi-monthly output: The beginning inventory had 100 units at a cost of
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Marion Company had the following bi-monthly output:
The beginning inventory had 100 units at a cost of $18 per unit or a total cost of $1,800.
The ending inventory had 300 units.
a. What is the cost of the ending inventory under FIFO, LIFO, and weighted-average cost methods?
b. What is the cost of goods sold under each of the methods?
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Related Book For 
Management Accounting In A Dynamic Environment
ISBN: 9780415839020
1st Edition
Authors: Cheryl S McWatters, Jerold L Zimmerman
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