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1) January 1 - bought 100 units of widgets, at $10 each. 2) April 15-bought 100 units of widgets, at $12 each. 3) May 1
1) January 1 - bought 100 units of widgets, at $10 each. 2) April 15-bought 100 units of widgets, at $12 each. 3) May 1 - sold 125 units of widgets. 4) August 24 - bought 300 units of widgets, at $14 each. 5) September 1 - sold 350 units of widgets. 6) November 27 - bought 400 units of widgets, at $15 each. Please use both FIFO and Weighted Average to calculate Inventory at year-end, as well as Cost of Goods Sold for the year. Use this page for FIFO, use the back page for Weighted Average
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