Question
Feb 2 - 100 units @ $8.00 per unit = $800 Mar 9 - 400 units @ $7.00 per unit = $2,800 Apr 3 -
Feb 2 - 100 units @ $8.00 per unit = $800 Mar 9 - 400 units @ $7.00 per unit = $2,800 Apr 3 - 500 units @ $5.00 per unit = $2,500 Jun 5 - 300 units @ $3.00 per unit = $900 On June 30, there are 400 units in ending inventory. What is the value of ending inventory using FIFO?
what is COST OF GOOD SOLD using FIFO?
what is the COST OF GOODS SOLD using LIFO?
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Management Control Systems
Authors: Frank G.H. Hartmann Professor, Kalle Kraus, Göran Nilsson, Robert N. Anthony, Vijay Govindarajan
2nd Edition
1526848317, 978-1526848314
