Question
Please solve this problem correctly: Using the perpetual inventory system calculate the ending inventory under each of the following independent situation: Beginning inventory 400 @
Please solve this problem correctly:
Using the perpetual inventory system calculate the ending inventory under each of the following independent situation:
Beginning inventory 400 @ 4
January purchase 100 units @ 5
February Purchase 200 Units @6
March Purchase 300 units @ 7.
Used 301 Units. Calculate Weighted average cost? Ending inventory cost?
Find FIFO : LIFO: and ending inventory for both.
FIFO: Using the same data above determine the ending inventory Using FIFO cost flow assuming 123 units sold for $ 7 each.
LIFO: using the same data above determine the ending inventory using the LIFO cost flow assuming 50 units are sold for $10 each.
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