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Metro Mart Co. sells one product. Presented below is information for January 2022 for Metro. Date 1/1/22 Inventory 100 units at $5 each 1/11/22 Purchase

Metro Mart Co. sells one product. Presented below is information for January 2022 for Metro. Date 1/1/22 Inventory 100 units at $5 each 1/11/22 Purchase 150 units at $6 each 1/13/22 Sales 120 units at $10 each 1/20/22 Purchase 150 units at $7 each 1/27/22 Sales 100 units at $12 each Compute the following costs:

Metro Mart Co. sells one product. Presented below is information for January 2022 for Metro.

Date 1/1/22 Inventory 100 units at $5 each 1/11/22 Purchase 150 units at $6 each 1/13/22 Sales 120 units at $10 each 1/20/22 Purchase 150 units at $7 each 1/27/22 Sales 100 units at $12 each

Compute the following costs:

Required:

  1. Cost of goods sold under weighted average cost (periodic)
  2. Cost of ending inventory under FIFO (periodic).
  3. Cost of goods sold under LIFO (periodic).
  4. Cost of goods sold under LIFO (perpetual).

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