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Calculate Ending Inventory and Cost of Goods Sold under FIFO, LIFO, and weighted average Beginning inv 25 110 2,750 Purchased 10/1 10 125 1,250 Purchased
Calculate Ending Inventory and Cost of Goods Sold under FIFO, LIFO, and weighted average |
Beginning inv | 25 | 110 | 2,750 |
Purchased 10/1 | 10 | 125 | 1,250 |
Purchased 10/14 | 20 | 125 | 2,500 |
Purchased 10/25 | 10 | 130 | 1,300 |
65 | 7,800 | ||
On hand at 10/31 | 35 | ||
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1st Edition
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