Question
Feb 5 - 200 units @ $2.00 each = $400 Mar 6 - 500 units @ $4.00 each = $2,000 Apr 9 - 400 units
Feb 5 - 200 units @ $2.00 each = $400 Mar 6 - 500 units @ $4.00 each = $2,000 Apr 9 - 400 units @ $6.00 each = $2,400 Jun 7 - 300 units @ $7.00 each = $2,100 On June 30, there are 350 units in ending inventory. What is the value of ending inventory using FIFO?
what is the value of ending inventory using LIFO?
what is the COST OF GOODS SOLD using average cost?
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Contemporary Auditing real issues and cases
Authors: Michael C. Knapp
9th edition
978-1133839552, 113383955X, 1133187897, 978-1133710424, 1133710425, 978-1133187899
