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5. The Following schedule was taken out of the inventory records for Hot Dog Company units purchased 300 cost per unit $15 total cost of
5. The Following schedule was taken out of the inventory records for Hot Dog Company units purchased 300 cost per unit $15 total cost of inventory $4,500 Beg Inv Purchases 3-Feb 15-Apr 22-Aug 30-Nov 400 200 500 1000 $17 $18 $19 $22 $6,800 $3,600 $9,500 $22,000 sales for the year were 1800 units Compute cost od sales using LIFO and FIFO: Computation using LIFO Computation using FIFO
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