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Ending Inventory and Cost of Goods Sold for FIFO, LIFO and Weighted Average. Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 35
Ending Inventory and Cost of Goods Sold for FIFO, LIFO and Weighted Average.
Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 35 45 70 75 225 $2,975 4,095 6,650 7,575 $21,295 $ 85 January l March 28 August 22 October 14 Goods Available for Sale 91 95 101 The company sold 75 units on May 1 and 70 units on October 28 Required Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required ARequired B Required C FIFO Ending Inventory Cost of Goods SoldStep by Step Solution
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