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Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Beginning Inventory Purchases: Units Unit Cost
Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Beginning Inventory Purchases: Units Unit Cost Jan. 1 200 $10 Feb. 11 500 14 May 18 400 17 Sales: Oct. 23 March 1 July 1 100 18 400 380 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $ Cost of goods sold $ 7,240 10,360 B. Last-in, first-out: $ 5,540 12,060 Ending Inventory Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 6,160 x 11,440 x Check
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