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Problem 6: Davidson Electronics has the following data available Units 5,000 Unit cost SR 8 Total Cost SR 40,000 Date 1st of January 2012 2nd
Problem 6: Davidson Electronics has the following data available Units 5,000 Unit cost SR 8 Total Cost SR 40,000 Date 1st of January 2012 2nd April 28th August Explanation Beginning inventory Purchases Purchases Total 1,5000 20,000 40,000 SR 10 SR 12 150,000 240000 430,000 Requirement: Ending inventory of the company is 5,000 units. Find the Costs of goods sold for the company through FIFO, LIFO and Average method
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