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1 15 Points The following information relates to inventory purchases and sales of the Golf Co. for July. Selling price Dates Transactions Units Unit cost
1 15 Points The following information relates to inventory purchases and sales of the Golf Co. for July. Selling price Dates Transactions Units Unit cost per unit 1-Jul Beginning inventory 20 6 9-Jul Purchase 30 8 12-Jul Sale 25 20 25-Jul Purchase 5 16 29-Jul Sale 15 20 Instructions: Compute the cost of the ending inventory and the cost of goods sold for July under the following method (just the number, no $ sign): 1. FIFO Cost of ending inventory Blank 1 Cost of goods sold Blank 2 2. LIFO Cost of ending inventory Blank 3 Cost of goods sold Blank 4 3. Weighted average Cost of ending inventory Blank 5 Cost of goods sold Blank 6 Blank 1 Blank 2 Blank 3 Blank 4 Blank 5 Blank 6
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