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i only need b answered Cheyenne Inc. uses a perpetual inventory system. Its records show the following for the month of May. (a) Your answer
i only need b answered
Cheyenne Inc. uses a perpetual inventory system. Its records show the following for the month of May. (a) Your answer is correct. Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goodssold $ Ending Imventory eTextbook and Media Attempts: 1 of 2 used (b) Calculate the cost of goods sold for May and the ending inventory at May 31 using the average cost formula. (for average. use 3 decimal places, es. 15.235 in your calculations and round final answers to 2 decimal places, e.8 5.25.) Cost of goods sold $ Endingliventory s Calculate the cost of goods sold for May and the ending inventory at May 31 using the average cost formula. (For average, use 3 decimal places, e.g. 15.235 in your calculations and round final answers to 2 decimal places, e.g 5.25.) Cost of goods sold \$ Ending Inventory Attempts: 0 of 2 used Step by Step Solution
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