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15. Use the following information to calculate ending inventory and cost of goods sold for April under each of three methods: (a) FIFO, (b) LIFO,
15. Use the following information to calculate ending inventory and cost of goods sold for April under each of three methods: (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume the periodic inventory system is used. (Show your work.)
Apr. 1 Beginning inventory 90 units @ $40
8 Sales 70 units
17 Purchases 150 units @ $42
24 Sales 110 units
30 Purchases 60 units @ $44
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