Question
Krusty Krab began the year with 518 units of inventory that it purchased for $26 each. Then it purchased 718 units of inventory for
Krusty Krab began the year with 518 units of inventory that it purchased for $26 each. Then it purchased 718 units of inventory for $31 per unit, after which it purchased 684 units at $37 per unit. During the year it sold 1,425 units for $52 each. Calculate the following amounts: A) Ending inventory using FIFO B) Ending inventory using LIFO C) Ending inventory using Average Cost D) Weighted average cost per unit E) Cost of Goods Sold using Average Cost F) Cost of Goods Sold using LIFO G) Cost of Goods Sold using FIFO Edit View Insert Format Tools Table 12pt Paragraph BIU AV
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