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1-4 begin{tabular}{|l|r|r|r|} hline Beginning imventory & 220 units (i) & 20 & 4400 hline Purchase on January 25 & 300 units (i) & 21
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\begin{tabular}{|l|r|r|r|} \hline Beginning imventory & 220 units (i) & 20 & 4400 \\ \hline Purchase on January 25 & 300 units (i) & 21 & 6300 \\ \hline Purchase on March 15 & 215 tunits (d & 22 & 4730 \\ \hline Purchaxe on October 2 & 450 units \& & 23 & 10.350 \\ \hline Goods available for sale & & 25.780 \\ \hline \end{tabular} If there are 600 units in ending imventory. what is the valus of ending inventory using FIFO? If there are 800 units in ending imventory, what is the valus of COGS using LIFO A cooporation ases a periedic inventory system. The company has a beginning inventory of 200 units at 54 each on Jamary 1 . It purchases 500 units at $5 each in February and 200 usits at $7 each in March. There were no additional purchases or sales during the remainder of the year. If the company sells 300 umits, what is COGS wing the LIFO method? If the company sells 150 units, what is COGS using the weighted average method? In a period of inflation, which inventory costing method assigns the costing method that approximales current costs? What if pricing are decreasing Step by Step Solution
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