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Required: Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods Date sept. 20 Description Beginning inventory sales purchase
Date sept. 20 Description Beginning inventory sales purchase units Purchased at Cost 400 units @ $12 600 units eoc units at Units Sold at Retail 620 units $24 Assume Tyler uses a perpetual inventor-y system. Caiculate ending 'nventory and cost of goods sold using the FIFO. LtFO, and average cost method'. Cost Cost of goods Ending inventory 7,880 8,640 16, soo V x
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