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Date Description Units Unit Cost Total Cost June 1 Beginning 30 $ 11.00 $ 330.00 11 Purchase 35 12.00 420.00 24 Purchase 35 14.00 490.00
| Date | Description | Units | Unit Cost | Total Cost | ||||||
| June | 1 | Beginning | 30 | $ | 11.00 | $ | 330.00 | |||
| 11 | Purchase | 35 | 12.00 | 420.00 | ||||||
| 24 | Purchase | 35 | 14.00 | 490.00 | ||||||
| 30 | Ending | 39 | ||||||||
- Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.)
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2 Principles Of Financial And Managerial Accounting
Authors: Pollard, Sherry T. Mills, Walter T. Harrison Jr.
0136009891, 978-0136009894
