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Perpetual System Calculating Ending Inventory and Cost of Sales using Moving Average, FIFO, and LIFO April Inc. maintains a perpetual inventory system and recorded the
Perpetual System Calculating Ending Inventory and Cost of Sales using Moving Average, FIFO, and LIFO
April Inc. maintains a perpetual inventory system and recorded the following information for the month of January.
Required
Compute ending inventory and cost of goods sold for the month ending January 31 using the method indicated below.
Note: Round your final answers to the nearest dollar.
Note: Do not round costs per unit in your calculations.
Ending Inventory | COGS | |
---|---|---|
1. Moving average method. | ||
2. FIFO method. | ||
3. LIFO method. |
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