Question
Please help with the question below, thank you! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Waterway Company had a beginning inventory on January 1 of 180 units of Product 4-18-15 at
Please help with the question below, thank you!
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Waterway Company had a beginning inventory on January 1 of 180 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made.
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1,120 units were sold. Waterway Company uses a periodic inventory system.
QUESTION:
Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 1,250.)
FIFO | LIFO | Average Cost | ||
| $ | $ | $ | |
| $ | $ | $ |
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