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Carli Co. has the following information related to its inventory for the month of May 2021 DATE PARTICULARS SP/U UNITS UNIT COST SALES(U) BAL(U) 1-May
Carli Co. has the following information related to its inventory for the month of May 2021 DATE PARTICULARS SP/U UNITS UNIT COST SALES(U) BAL(U) 1-May BEG BALANCE 1,000 200.00 1,000 8 SALE 300.00 800 200 10 SALE 300.00 150 50 18 PURCHASE 1,500 210.00 1,550 22 SALE 350.00 750 800 25 PURCHASE 2,000 250.00 2,800 27 SALE 400.00 2,500 300 31 PURCHASE 2,500 270.00 2,800 Determine the the following using FIFO PERIODIC 1. Cost of sales 2 Inventory cost 3. Weighted average method
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