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Following are the beginning inventory, purchases and sales for ABC Co. for one month: Qty $ each Beginning inventory 400 14.00 Purchase 250 14.20 Sale
Following are the beginning inventory, purchases and sales for ABC Co. for one month: Qty $ each Beginning inventory 400 14.00 Purchase 250 14.20 Sale 300 22.00 Sale 60 22.00 Purchase 200 14.40 Purchase 300 14.50 Sale 350 23.00 Sale 100 23.00 Perpetual inventory method, calculate COGS and ending inventory for FIFO, using homework template 1. Periodic inventory method, calculate COGS, ending inventory and gross profit for FIFO. LIFO and weighted average, using homework template 2. Scan and submit your completed worksheets to Canvas
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