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Crowe Metals Ltd. Had the following inventory transactions during the month of March. March1, beginning inventory 3,000 units @ $2.00 $6,000 Week 1 purchases 2,000
Crowe Metals Ltd. Had the following inventory transactions during the month of March.
March1, beginning inventory | 3,000 units @ $2.00 | $6,000 |
Week 1 purchases | 2,000 units @ $2.10 | $4,200 |
Week 2 purchases | 2,000 units @ $2.20 | $4,400 |
Week 3 purchases | 1,000 units @ $2.30 | $2,300 |
Week 4 purchases | 1,000 units @ $2.50 | $2,500 |
On March 31, a count of the ending inventory was completed and 4,000 units were on hand. By using the perpetual inventory system, calculate the cost of goods sold and ending inventory using the LIFO, FIFO, and weighted-average inventory methods.
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