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Problem 5 - 7 A Perlodlc: Alternative cost flows P 3 Seminole Co . began the year with 2 3 , 0 0 0 units
Problem A Perlodlc: Alternative cost flows Seminole Co began the year with units of product in its January inventory costing $ each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December a physical count reveals that units of its product remain in inventory. tableMar units of $ eachMay units of $ eachAug units a $ eachNov units o $ each Required Compute the number and total cost of the units available for sale during the year. Compute the amounts assigned to ending inventory and the cost of goods sold using a FIFO, b LIFO, and c weighted average, Round all amounts to cents. Check Cost of goods sald: FFPO, $; LIFO, $ WA $
Problem A Perlodlc: Alternative cost flows
Seminole Co began the year with units of product in its January inventory costing $ each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December a physical count reveals that units of its product remain in inventory.
tableMar units of $ eachMay units of $ eachAug units a $ eachNov units o $ each
Required
Compute the number and total cost of the units available for sale during the year.
Compute the amounts assigned to ending inventory and the cost of goods sold using a FIFO, b LIFO, and c weighted average, Round all amounts to cents.
Check Cost of goods sald: FFPO, $; LIFO, $ WA $
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