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Express Company has beginning inventory on Jan 1st of 150 units at a cost of $20 per unit. During the year, the following transactions were
Express Company has beginning inventory on Jan 1st of 150 units at a cost of $20 per unit. During the year, the | ||||||||||
following transactions were made: | ||||||||||
March 14th - | 400 units purchased at $23 per unit | |||||||||
July 20th - | 250 units purchased at $24 per unit | |||||||||
Aug 1st - | 600 units were sold | |||||||||
Sept 4th - | 350 units purchased at $26 per unit | |||||||||
Oct 1st - | 450 units were sold | |||||||||
Dec 2nd - | 100 units purchased at $29 per unit | |||||||||
Show the total of Cost of Goods Sold and Ending Inventory using FIFO, LIFO, and Weigh Averaged Methods |
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