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please answer both part(weighted avaerage and FIFO). 5 Kingbird uses a periodic inventory system. In April, 600 units were sold and the following additional information
please answer both part(weighted avaerage and FIFO).
5 Kingbird uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Unit Cost Total Cost April 1 inventory April 15 purchase April 23 purchase Units 250 400 $17.00 20.00 $4,250 8,000 350 24.00 8,400 1,000 $20,650 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per places, e.g. 15.25.) April 30 inventory April cost of goods sold $ Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formulaStep by Step Solution
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