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Book Company has the following inventory data. The con periodicom (oct Writes Sport Extended Beginning inventory 160 5200 $39.000 3 Purchase 130 5215 $27.950 5
Book Company has the following inventory data. The con periodicom (oct Writes Sport Extended Beginning inventory 160 5200 $39.000 3 Purchase 130 5215 $27.950 5 Sold 200 $350 570.000 TO Purchase 250 $230 $57,500 25 Sold 160 $375 $60,000 Requirement: 1. Under LIFO, calculate the following: A) Cost of Goods Sold B) Gross Margin % 2. Under weighted average, calculate the following: A) Ending Inventory B) Inventory Turn Edit Format Table
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