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Given the following data, calculate cost of goods sold and the cost of ending inventory. 3 separate methods, FIFO, LIFO and Weighted Average. You must
Given the following data, calculate cost of goods sold and the cost of ending inventory. | |||||||
3 separate methods, FIFO, LIFO and Weighted Average. You must show ALL calculations. | |||||||
Date | Transaction | ||||||
1/10 | Bought 200 inventory units @ $15 | ||||||
1/20 | Bought 200 inventory units @ $17 | ||||||
1/25 | Sold 150 inventory units @ $30 | ||||||
1/28 | Bought 100 inventory units @ $20 | ||||||
1/31 | Sold 130 inventory units @ $30 | ||||||
2/4 | Bought 90 inventory units @ $22 |
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