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Pandemica, Inc. uses a periodic inventory system and has the following information in regard to its inventory during June: Transaction Units Unit Cost Total Cost
Pandemica, Inc. uses a periodic inventory system and has the following information in regard to its inventory during June: Transaction Units Unit Cost Total Cost 6/1 Beginning Inventory 300 $ 14 $ 4,200 6/9 Purchase 400 18 7,200 6/21 Purchase 100 20 2,000 6/29 Purchase 200 24 4.800 Available for sale 1,000 $ 18,200 Pandemica has ending inventory of 410 units. Determine the value of the ending inventory using the FIFO method. b. Determine the cost of goods sold using the LIFO method. c. Determine the value of ending inventory using the weighted average cost method. Ending Inventory using FIFO: Cost of Goods Sold using LIFO: Ending Inventory using weighted cost average method: a
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