Question
Inventory Help I need to calculate the following TomorrowsTomorrows Electronic Center began DecemberDecember with 100100 units of merchandise inventory that cost $ 70$70 each. During
Inventory Help
I need to calculate the following
TomorrowsTomorrows
Electronic Center began
DecemberDecember
with
100100
units of merchandise inventory that cost
$ 70$70
each. During
DecemberDecember,
the store made the following purchases:
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(Click the icon to view the purchases.)
TomorrowsTomorrows
uses the periodic inventory system, and the physical count at
DecemberDecember
31 indicates that
130130
units of merchandise inventory are on hand.
Read the requirements
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Dec.
3
35
units @
$82
each
12
45
units @
$84
each
18
75
units @
$90
each
.I need the Cost of Goods Sold and Ending Inventory in FIFO, LIFO and Weighted Average Inventory. Please specify which is which.
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