Question
A company's inventory records indicate the following data for the month of January: Jan. 1Beginning180 units at $9 each Jan. 5Purchased170 units at $10 each
A company's inventory records indicate the following data for the month of January:
Jan. 1Beginning180 units at $9 each
Jan. 5Purchased170 units at $10 each
Jan. 9Sold300 units at $35 each
Jan. 14Purchased200 units at $11 each
Jan. 20Sold150 units at $35 each
Jan. 30Purchased230 units at $12 each
What is the amount of cost of goods sold for January, if the company uses the LIFO, FIFO and weighted average perpetual inventory system? 9 p.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
