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Inventory information for the company for the month of January: January 1 beg, balance 200 units @ $10 each 15 Sale 100 units 22 Purchase
Inventory information for the company for the month of January:
January 1 beg, balance 200 units @ $10 each
15 Sale 100 units
22 Purchase 190 units @ 15 each
28 Sale 270 units
31 Purchase 130 units @ 18 each
Required:
Cost of goods available for sale =
Cost of ending inventory using FIFO =
Cost of goods sold using FIFO =
Cost of ending inventory using LIFO =
Cost of goods sold using LIFO =
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