Question
Cullumber Company reports the following for the month of June. June 1 Inventory 200 $3 $600 12 Purchase 400 7 2,800 23 Purchase 300 10
Cullumber Company reports the following for the month of June.
June 1 Inventory 200 $3 $600
12 Purchase 400 7 2,800
23 Purchase 300 10 3,000
30 Inventory 100
Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
