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problems, labor proble, iu uses the periodic syst erchandi P6-2A. Inventory Costing Methods-Periodic Method Fortune Stores se tory consisted of 120 units with a unit
problems, labor proble, iu uses the periodic syst erchandi P6-2A. Inventory Costing Methods-Periodic Method Fortune Stores se tory consisted of 120 units with a unit cost of $330. Transactions for this item dur follows: for its merchandise inventory. The April I inventory for one of the items tory r this item during April were 9 Purchased 40 units@ $345 per unit. 14 Sold 80 units @ $550 per unit. 23 Purchased 20 units @ $350 per unit. 29 Sold 40 units @ $550 per unit. April Required a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted-average cost method. Round your final answers to the nearest dollar. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first-in, first-out method. b. an d th eding nventory cost for the month of Apil uin last-in, first-out method
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