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Beginning inventory, purchases and sales data for T-shirts are as follows: April 3 Inventory 24 units @ $10 11 Purchase 26 units @ $12
Beginning inventory, purchases and sales data for T-shirts are as follows: April 3 Inventory 24 units @ $10 11 Purchase 26 units @ $12 14 Sale 36 units 21 Purchase 18 units @ $15 25 Sale 20 units For the month of April, calculate the cost of merchandise sold and ending inventory under the following assumptions: (a) FIFO (b) LIFO (c) Weighted Average Cost (Round cost of merchandise sold and ending inventory to the nearest dollar.)
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