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Fit World had a beginning inventory of 90 crates of vitamins that cost a total of $5,850, During the month, Fit World purchased and sold
Fit World had a beginning inventory of 90 crates of vitamins that cost a total of $5,850, During the month, Fit World purchased and sold merchandise on account as follows: Fit World uses a perpetual inventory system. Jan. 2 Purchase 130 crates @S 76 each 140 crates @ $ 100 each 16 Purchase 170 crates $ 86 each 180 crates @$104 each 5 Sale 27 Sale Requirements 1. Determine the Cost of Goods Sold and Ending Inventory using the FIFO inventory costing 2. method, Determine the Cost of Goods Sold and Ending Inventory using the LIFO inventory costing method
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