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Kopi Mwahal has the following information about the inventory of products for October 2020: Date quantity cost per item beginning inventory 150 6400 5-Oct 200
- Kopi Mwahal has the following information about the inventory of products for October 2020:
Date | quantity | cost per item |
beginning inventory | 150 | 6400 |
5-Oct | 200 | 6400 |
17-Oct | 450 | 6200 |
28-Oct | 100 | 6600 |
At the end of October, 220 bottles of coffee remained in inventory.
- If uses the FIFO method of allocating inventory, what would is the cost of goods sold for October?
- If company uses the FIFO method of allocating inventory costs, what would is the ending inventory?
- If company uses the average cost method of allocating inventory costs, what would is the ending inventory for October?
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