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During January, Precision Company sold 380 units of product J. It's beginning inventory and purchases during the month were as follows Jan 1 Beginning inventory
During January, Precision Company sold 380 units of product J. It's beginning inventory and purchases during the month were as follows
Jan 1 Beginning inventory 100 units @ 20
Jan 5 Purchases 100 units @ 24
Jan 10 Purchases 100 units @ 22
Jan 15 Purchases 100 units @ 24
Jan 20 Purchases 100 @ 28
Jan 25 Purchases 100 @ 26
Goods available for Sale; 600
Ending Inv; 220units
Compute the ending inventory and cost of goods sold under each of the methods listed. Average cost, FIFO, and LIFO.
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