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Cost of goods avali for sale: 28400 Avg cost per unit 22.72 Sales totaled 1,040 units. Swifty Company had a beginning inventory on January 1
Cost of goods avali for sale: 28400
Avg cost per unit 22.72
Sales totaled 1,040 units.
Swifty Company had a beginning inventory on January 1 of 200 units of Product 4-18-15 at a cost of $ 20 per unit. During the year, purchases were as follows. Mar. 15 430 units at $ 22 Sept. 4 300 units at $24 July 20 220 units at $ 22 Dec. 2 100 units at $29 Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and verage-cost). (Round answers to decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ $ The cost of goods sold $ $ $ $Step by Step Solution
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