Question
October 1 Beginning Inventory 400 Units @ $10.00 Total Cost $4,000 October 8 Purchase 800 Units @ $10.40 Total Cost 8,320 October 16 Purchase 600
October 1 Beginning Inventory 400 Units @ $10.00 Total Cost $4,000
October 8 Purchase 800 Units @ $10.40 Total Cost 8,320
October 16 Purchase 600 Units @ $10.80 Total Cost 6,480
October 24 Purchase 200 Units @ $11.60 Total Cost 2,320
Total Units 2,000 Total Cost 21,120
During October, 1,400 units were sold.
Value the ending inventory using FIFO, LIFO and Weighted Average.
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Financial Statement Fraud Casebook Baking The Ledgers And Cooking The Books
Authors: Joseph T. Wells
1st Edition
0470934417, 978-0470934418
