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Consider the following inventory transactions for September: 15 units @ Beginning inventory $3.00 Purchase on September 12 Purchased on September 23 20 units @ $3.50
Consider the following inventory transactions for September: 15 units @ Beginning inventory $3.00 Purchase on September 12 Purchased on September 23 20 units @ $3.50 10 units @ $4.00 For the month of September, the company sold 35 units Calculate cost of goods sold and ending inventory using FIFO LIFO WEIGHTED AVERAGE (Round to nearest dollar) SPECIFIC ID Sold 10 units from beginning inventory; 15 units from Sept 12 and 10 units from Sept 23 purchase
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