Question
Inventory Management: 5.1. The inventory records of The Kissner's Consulting Group reflected the following information for the year: Number Unit Date Transaction of units Cost
Inventory Management: 5.1. The inventory records of The Kissner's Consulting Group reflected the following information for the year: Number Unit Date Transaction of units Cost 1/1 Beginning Inventory. 12 $ 40 2/12 Purchase 8 45 4/15 Sale 15 - 5/17 Purchase 10 46 5/19 Sale 5 - 9/28 Purchase 15 50 11/2 Sale 5 - Required: Using the periodic inventory system, determine the dollar amounts to be assigned to Ending Inventory and Cost of Goods Sold under each of the following methods: Ending Cost of Inventory Goods Sold Weighted-Average $ __________ __________ FIFO. __________ __________ LIFO. __________ __________
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