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Company Magenta has the following inventory history for the month of October. table [ [ October 1 , Beginning Inventory, 6 5 units,$ 1
Company Magenta has the following inventory history for the month of October.
tableOctober Beginning Inventory, units,$ unitOctober Purchased units, units,$ unitOctober Purchased units, units,$ unit
The ending inventory on October is unity
Calculate the following for October using the different inventory costing methods:
LastIn FirstOut LIFO
a Cost of Inventory
b Cost of Goods Sold
Average Cost
a Cost of Inventory
b Cost of Goods Sold
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