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For 2 0 2 1 , Shinra had the following inventory transactions related to its Mako: Units * Cost = Total Beginning Inventory 5 0
For Shinra had the following inventory transactions related to its Mako:
Units Cost Total
Beginning Inventory $ $
Purchase:
Purchase:
Goods Available for Sale $
Ending Inventory
Shinra uses a periodic waiting until the year is over inventory system.
Required:
Using FIFO, calculate ending inventory and COGS at December
Using LIFO, calculate ending inventory and COGS at December
Using Weighted Average, calculate ending inventory and COGS at December
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