Question
Consider the following information for Warner Company, which uses a perpetual inventory system: The company sold 30 units on May 1 and 35 units on
Consider the following information for Warner Company, which uses a perpetual inventory system:
The company sold 30 units on May 1 and 35 units on October 28.
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
a. FIFO b. LIFO c. Weighted Average
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Accounting Costing And Management
Authors: Riad Izhar, Janet Hontoir
2nd Edition
9780198328230
