Question
July 1 Beginning Inventory 2,500 $ 35 July 5 Sold 1,500 July 13 Purchased 6,500 39 July 17 Sold 3,500 July 25 Purchased 8,500 41
| July 1 | Beginning Inventory | 2,500 | $ | 35 | |||
| July 5 | Sold | 1,500 | |||||
| July 13 | Purchased | 6,500 | 39 | ||||
| July 17 | Sold | 3,500 | |||||
| July 25 | Purchased | 8,500 | 41 | ||||
| July 27 | Sold | 5,500 |
| Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. |
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
