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Could someone work this out for me please 9.22 King's Motors Limited specialises in selling automotive accessories and uses perpetual inventory system. The business provides
Could someone work this out for me please
9.22 King's Motors Limited specialises in selling automotive accessories and uses perpetual inventory system. The business provides the following records for one Of its products, leather car seat covers, for the month Of May. exclusive. All amounts have been indicated GST S 100 each 3 8 9 15 27 30 Required: Be in invent 70 units Bou t 250 units Sl 10 Sold 260 units S300 each sold 30 units S350 each Bou t 100 units S120 each Bou t 150 units m S 140 each Sold 120 units S360 each Detennine the ending inventory, cost Of goods sold and profit figure at 31 May 20X4 under the following costing methods: FIFO perpetual inventory c osting method (ii) LIFO perpetual inventory costing method (iii) Moving average pelpe imentory costing method
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