Question
Metro Mart Co. sells one product. Presented below is information for January 2023 for Metro. Date 1/1 Inventory 100 units at $5 each 1/11 Purchase
Metro Mart Co. sells one product. Presented below is information for January 2023 for Metro. Date 1/1 Inventory 100 units at $5 each 1/11 Purchase 150 units at $6 each 1/13 Sales 120 units at $8.50 each. 1/20 Purchase 150 units at $7 each. 1/27 Sales 100 units at $9 each Compute the following costs: 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 ending inventory under moving average (perpetual). *** please explain and show work I am struggling a lot with this!! Thank you!!
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