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During 2021, a company sells 280 units of Inventory for $87 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.
During 2021, a company sells 280 units of Inventory for $87 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 65 167 185 417 Unit Cont Total Cont 54,095 64 10,698 66 12,210 $26,993 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold During 2021, a company sells 460 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Hay 5 Purchase Nov. 3 Purchase Number of Units 71 266 186 523 Unit Cost Total Cont $92 $ 5,112 73 19,418 75 13,950 538, 430 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Cost of goods sold Ending inventory During 2021, a company sells 367 units of inventory for $90 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 68 166 183 415 Cont Total cost $68 $ 4.626 70 11,480 73 13.359 $29,463 Calculate ending Inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods told
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