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Kid Twist, Inc. made the following purchases for the first quarter of 2022: Date of Purchase Number of units purchased Price per unit January
Kid Twist, Inc. made the following purchases for the first quarter of 2022: Date of Purchase Number of units purchased Price per unit January 1st 250 $10.40 January 15th 350 $10.60 January 26th 500 $10.80 February 3rd 450 $11.00 February 21st 300 $11.20 February 28th 250 $11.30 March 11th 160 $11.40 March 22nd 240 $11.50 Kid Twist sold 1800 units for $18 each in the first quarter. 1) Calculate Goods Available for Sale 2) Calculate Sales Revenue for the quarter 3) Calculate Ending Inventory for each of the three methods a) Weighted Average b) FIFO c) LIFO
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