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1) Calculate the value of the ending inventory 2) Calculate and show the schedule for cost of goods sold 3) Calculate and show the schedule
1) Calculate the value of the ending inventory
2) Calculate and show the schedule for cost of goods sold
3) Calculate and show the schedule for gross profit
4) Calculate and show the gross profit percentage
USE FIFO / LIFO / WEIGHTED AVERAGE FOR ALL:
Beginning Inv: 10,000 @ $20/unit
Purchased: 30,000 @ $25/unit
Purchased: 15,000 @ $30/unit
Sold: 44,000 @ $50/unit
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