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Questions 5 (9 marks) A company sells a single product and had the following beginning inventory, purchases, and sales during March: Units Cost per Unit
Questions 5 (9 marks) A company sells a single product and had the following beginning inventory, purchases, and sales during March: Units Cost per Unit $80 90 Beginning inventory March 5 purchase March 10 sale March 20 purchase 20 40 45 15 100 a) Determine the ending inventory in units and total dollar value, assuming Gamma uses the periodic inventory system and the FIFO inventory costing method. b) Determine the cost of goods sold in dollar value, assuming Gamma uses the perpetual inventory system and the weighted average inventory costing method. Determine the ending inventory in units and dollar value, assuming Gamma uses the periodic inventory system and the weighted average inventory costing method
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