Question
From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 49 units. (Round your
From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 49 units. (Round your answers to the nearest cent.)
| Beginning inventory and purchases | Units | Unit cost | |||
| January 1 | 5 | $ | 2.00 | ||
| April 10 | 10 | 2.50 | |||
| May 15 | 12 | 3.00 | |||
| July 22 | 15 | 3.25 | |||
| August 19 | 18 | 4.00 | |||
| September 30 | 20 | 4.20 | |||
| November 10 | 32 | 4.40 | |||
| December 15 | 16 | 4.80 | |||
Costs of ending inventory?
Costs of goods sold?
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Payroll Accounting 2022
Authors: Bernard J. Bieg, Judith A. Toland
32nd Edition
0357518756, 9780357518755
