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A company that uses the PERPETUAL inventory system has the following records for 2017 Beginging inventory Units Unit cost Purcahses: 120 $48 Febuary 8th 60
A company that uses the PERPETUAL inventory system has the following records for 2017
Beginging inventory | Units | Unit cost | |
Purcahses: | 120 | $48 | |
Febuary 8th | 60 | 52 | |
June 15th | 70 | 54 | |
22-Aug | 55 | 57 | |
Novemeber 29 | 45 | 61 | |
Salkes: | 30-Mar | 145 | |
20-Jul | 90 | ||
December 15th | 60 |
|
Please compute the cost of ending inventory and the cost of goods sold using the follow methods: Please also show all steps/work
A) FIFO
B) Weighted Average
c) LIFO
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