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Lisa Company had 120 units in beginning inventory at a total cost of $15,600. The company purchased 240 units at a total cost of $31,200.
Lisa Company had 120 units in beginning inventory at a total cost of $15,600. The company purchased 240 units at a total cost of $31,200. At the end of the year, Lisa had 75 units in ending inventory.
A)
B)The cost of the ending inventory $ FIFO $ LIFO $ Average-cost
C)The cost of goods sold $ FIFO $ LIFO $ Average-cost
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. FIFO LIFO Average-cost The cost of the ending inventory 11700 9750 11143 The cost of goods sold 22800
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