Question
Calculate COGS and Ending Inventory using FIFO, LIFO, and Average Cost methods using the perpetual method. Units Cost per unit Total cost Beg. Inventory 26
Units Cost per unit Total cost Beg. Inventory 26 $97 $2,522 Purchase 45 $100 $4,500 Sold 15 Purchase 20 $104 $2,080 Purchase 50 $105 $5,250 Sold 60 Purchase 30 $108 $3,240 Sold 50
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Solution Perpetual FIFO Purchase Cost Ending Inventory of spoo6 sold Beg Inv 26 97 2522 Pur 45 100 4...Get Instant Access to Expert-Tailored Solutions
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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