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Required information Problem 8 - 5 ( Algo ) Various inventory costing methods [ LO 8 - 1 , 8 - 4 ] [ The
Required information
Problem Algo Various inventory costing methods LO
The following information applies to the questions displayed below.
A company began January with units of its principal product. The cost of each unit is $ Inventory
transactions for the month of January are as follows:
Includes purchase price and cost of freight.
units were on hand at the end of the month.
Problem Algo Part
Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system.
Note: Round average cost per unit to decimal places. Enter sales with a negative sign.
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