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F G H Problem 1- FIFO and LIFO Inventory Calculations Directions: Using the following information, calculate both Ending Inventory and Cost of Goods Sold by
F G H Problem 1- FIFO and LIFO Inventory Calculations Directions: Using the following information, calculate both Ending Inventory and Cost of Goods Sold by each of the following 3 inventory costing methods: (1) FIFO, (2) LIFO and (3) Weighted Average. Note that Sales for this period were 300 units. Show all work and summarize here: Units 150 120 80 40 nit Cost Total Cost $150 $152 $153 $155 Unit Cost Beginning Balance Purchase #1 Purchase #2 Purchase #3 $22,500 $18 240 $12,240 $6,200 Periodic FIFO Ending Inventory: Periodic FIFO Cost of Goods Sold: Cover Sheet Problem, 1 Problem2 Problem 3 Problem, 4 Problems Problern 6 Probler . pe here to search
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