Question
Here are the inventory purchases and sales for Hayden Company: Cost of Goods Available for Sale: October 1 Beginning Inventory 14 @ $16 $224
Here are the inventory purchases and sales for Hayden Company: Cost of Goods Available for Sale: October 1 Beginning Inventory 14 @ $16 $224 October 5 Purchased 20 @ $18 $360 October 9 Purchased. 5 @ $19 $ 95 October 20 Purchased 30 @ $20 $600 Retail Sale of Goods: October 27 Sale of 58 units a. What is Cost of Goods Sold using the LIFO method? | I b. What is Cost of Goods Sold using the FIFO method? C. What is Cost of Goods Sold using Weighted Average Cost method?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
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