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1. At the beginning of the current period, Zumbach Industries has 150 units of a product with a unit cost of $320. The inventory records
1. At the beginning of the current period, Zumbach Industries has 150 units of a product with a unit cost of $320. The inventory records report the following transactions Units Unit Cost Beginning Inventory Purchase #1 Purchase #2 Purchase #3 150 150 70 30 S320 S352 S380 $420 Cost $48,000 52,800 26,600 12,600 During the current period, Zumbach sells 340 units Compute the cost of goods sold for the cu b. Assume Zumbach uses the LIFO method. Compute the cost of goods sold for the cu. c. Assume Zumbach uses the weighted-average cost method. Compute the cost of good a. Assume Zumbach uses the FIFO method. for this product. for this product. inventory balance for this product
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