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Question 1: 25 marks (Valuing Inventory and COGS) Crown Metals Co. Ltd. Had the following inventory transactions during the month of June: Information: On 30
Question 1: 25 marks (Valuing Inventory and COGS) Crown Metals Co. Ltd. Had the following inventory transactions during the month of June: Information: On 30 June, a physical count of the ending inventory was completed, and 4,000 units were on hand. Required: (Hint: remember to figure out the total value of goods available for sales) Using FIFO, LIFO and Weighted-average methods, calculate the Cost of Goods Sold (COGS) and ending inventory of Crown Metals Co. Ltd. Show all your working
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