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I NEED HELP WITH THIS IN AN HOUR The units of an item available for sale during the year were as follows: jan 1 Inventory
I NEED HELP WITH THIS IN AN HOUR
The units of an item available for sale during the year were as follows:
jan 1 Inventory 50 units at $122
march 10 Purchase 70 units at $134
august 30 Purchase 10 units at $138
december 12 Purchase 70 units at $144
There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers ti the nearest whole dollar.
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