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Rathwell Electrical's inventory records for industrial switches indicate the following at January 31, 2020: (Click the icon to view the inventory record.) The physical count
Rathwell Electrical's inventory records for industrial switches indicate the following at January 31, 2020: (Click the icon to view the inventory record.) The physical count of inventory at January 31, 2020, indicates that six units remain in ending inventory, and the company owns them. Required Compute ending inventory and cost of goods sold using each of the following methods, assuming a periodic inventory system is used 1. Specific-unit-cost, assuming three 5186 units and three $190 units are on hand on January 31, 2020 2. Weighted average cost 3. First-in, first-out (FIFO) ary 31, 2020, indicates that six units remain in ending inventory, and the company owns the Joods sol 86 units i Record - X ystem is us Jan. le for sal 1 Beginning inventory 14 units at $176 8 Purchase 7 units at $186 15 Purchase 13 units at $190 26 Purchase 5 units at $210
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