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Problem 8 - 5 ( Algo ) Various inventory costing methods [ LO 8 - 1 , 8 - 4 ] Skip to question [
Problem Algo Various inventory costing methods LO
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The following information applies to the questions displayed below.
A company began January with units of its principal product. The cost of each unit is $ Inventory transactions for the month of January are as follows:
Date of Purchase Purchases
Units Unit CostFootnote asterisk Total Cost
January $ $
January
Totals $
Footnote asterisk Includes purchase price and cost of freight.
Sales
Date of Sale Units
January
January
January
Total
units were on hand at the end of the month.
Problem Algo Part
Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system.Problem Algo Various inventory costing methods LO
The following information applies to the questions displayed below.
A company began January with units of its principal product. The cost of each unit is $ Inventory transactions for
the month of January are as follows:
Includes purchase price and cost of freight.
units were on hand at the end of the month.
Problem Algo Part
Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system.
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