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Quiz Company uses the perpetual method. Use the following information to calculate total COGS and ending inventory using each of the cost flow methods. Date
Quiz Company uses the perpetual method. Use the following information to calculate total COGS and ending inventory using each of the cost flow methods. Date Units Cost Total Beg. Inv. 1-May 16 $2.00 $32.00 Purchase 8-May24 x $ 2.50 $ 60.00 Sale 20-May34 $ 5.00 $170.00 Purchase 25-May36 $3.00 $108.00 Sale 28-May 30 X $5.00 $150.00 What is the ending inventory if the specific identification method is used and the ending inventory includes 1 unit from the 5/8 purchase and 11 units from the 5/25 purchase? $34.80 O $36 $35.50 None of these $30 $24
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