Question
Data for Houston Electronics' Astro condensers. Calculate the value for Cost of goods sold and Ending inventory according FIFO, and LIFO methods. Huston Electronics Astrol
Data for Houston Electronics' Astro condensers. Calculate the value for Cost of goods sold and Ending inventory according FIFO, and LIFO methods.
Huston Electronics
Astrol Condenser
Date Explanation Units Units Cost Total Cost
Jan. 1 beginning inventory 100 $10 $1000
April, 15 Purchase 200 11 2200
Aug 24 Purchase 300 12 3600
Nov 27 Purchase 400 13 5200
Total Unit Available for Sale 1000 $12000
Unit in ending inventory 450
Unit sold 550
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
