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Lily Company had 100 units in beginning inventory at a total cost of $8,000. The company purchased 200 units at a total cost of $22,000.
Lily Company had 100 units in beginning inventory at a total cost of $8,000. The company purchased 200 units at a total cost of $22,000. At the end of the year, Lily had 93 units in ending inventory. Collapse question part (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.) FIFO LIFO Average-cost The cost of the ending inventory $ $ $ The cost of goods sold $ $ $
Lily Company had 100 units in beginning inventory at a total cost of $8,000. The company purchased 200 units at a total cost of $22,000. At the end of the year, Lily had 93 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to o decimal places, e.g. 1,250.) FIFO L IFOAverage-cost The cost of the ending inventory s The cost of goods sold Click if you would like to Show Work for this question: Open Show Work
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