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During August, Captain Kangaroo sold 175 cases of carrots. The Captain's beginning inventory and purchases during the month were as follows: August 1 August 7
During August, Captain Kangaroo sold 175 cases of carrots. The Captain's beginning inventory and purchases during the month were as follows: August 1 August 7 August 20 Beginning Inventory Purchases Purchases 100 units@$3=300 100 units@ $6=600 100 units@ $9=(900)/(1800) The following sales were made: August 6 Sale August 26 Sale 75 units 100 units Using the periodic method, compute both Ending Inventory and Cost of Goods Sold using (A) FIFO, (B) LIFO, and (C) Average Cost Using the perpetual method, compute both Ending Inventory and Cost of Goods Sold using (A) FIFO, (B) LIFO, and (C) Average Cost
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