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FIFO , LIFO, Weighted average cost The following are the transactions for the month of July. Units Unit Selling Price 48 July 1 July 13
FIFO , LIFO, Weighted average cost The following are the transactions for the month of July. Units Unit Selling Price 48 July 1 July 13 July 25 Duly 31 Unit Cost $10 13 Beginning Inventory Purchase Sold Ending Inventory 240 (100) 188 $15 Required LIFO (Periodic) Units Cost per Unit Total CA $ 0 0 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold 0 Total Cost of Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit Drou FIFO (Periodic) Cost per Units Total Unit $ 10.00 48 $ 480 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold 240 $ 13.00 3. 120 2881 GO 13.00 Total Cost of Goods Sold Ending Inventory 0 FIFO (Periodic) Sales Cost of Goods Sold Gross Profit Weighted Average (Periodic) Cost per Units Total Unit US 0 0 Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 0 Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit
FIFO , LIFO, Weighted average cost
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