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I need help finding (A) weighted average and (B) FIFO NAME: COST PROBLEM INFO ACT UNITS PU BI 15 $5.00 PUR 35 $10.00 PUR 50
I need help finding (A) weighted average and (B) FIFO
NAME: COST PROBLEM INFO ACT UNITS PU BI 15 $5.00 PUR 35 $10.00 PUR 50 $7.50 PUR 20 $8.00 TOTALS 120 Ending inventory is 30 units and selling price is $ 15 pu. Calculate of goods sold and ending inventory using the 3 methods below: A WEIGHTED AVERAGE COGS COST OF GOOD SOLD ENDING INVENTORY FOR CALCULATIONS ACT UNIT PU COST BI PUR PUR PUR TOTALS per unit WA SELLING PRICE IS $15.00 PER UNIT SALES $ LESS COST OF GOOD SOLD GROSS PROFIT $ COGS WA WA B. COGS FIFO COST OF GOOD SOLD ENDING INVENTORY COGS FIFO FIFO FIFO $ SALES LESS COST OF GOOD SOLD GROSS PROFIT C. COGS LIFO COST OF GOOD SOLD ENDING INVENTORY COGS EI LIFO LIFO LIFO SALES LESS COST OF GOOD SOLD GROSS PROFIT Step by Step Solution
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