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Please answer question #11, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! a Cullumber Enterprises uses a periodic inventory system for buckets it sells.
Please answer question #11, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!
a Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 73 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases 63 units at $7.00 April 7 13 126 units at $8.00 23 96 units at $9.00 29 48 units at $10.00 333 Sales April 5 126 units at $20 11 96 units at $20 20 86 units at $20 30 43 units at $20 351 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost. (b) FIFO, and ( LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to decimal places, eg: 1,525.) (a) Average cost-Ending Inventory $ Cost of Goods Sold $ (b) FIFO -Ending Inventory $ Cost of Goods Sold (c) LIFO Ending Inventory $ Cost of Goods Sold Step by Step Solution
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