Question
Restoration Company has the following inventory transactions for January Opening inventory January 1st $32,000 (4.000 units @ $8) Purchase #1 January 10th 9380 units $11
Restoration Company has the following inventory transactions for January
Opening inventory January 1st $32,000 (4.000 units @ $8)
Purchase #1 January 10th 9380 units $11
Purchase #2January 15th 6,000 units @$12
Purchase #1January 20th 16380 units@$20
Purchase #3 January 25th 2000 units a $14
Required 1 What is the cost of goods sold for January if the company uses the FIFO periodic inventory method? $
Required 2 What is the Cost of Goods Sold for January if the company uses the LIFO periodic inventory system?
Required 3 whit is the Cost of Goods Sold for January if the company uses the Weighted Average periodic inventory system? $
Required 4 What is the cost of goods sold for January if the company uses the FIFO perpetual inventory method? $
Required 5 what is the cost of goods sold for January if the company uses the LIFO perpetual inventory method? $
Required 6 what is the cost of goods sold for January if the company uses the weighted Average Perpetual inventory method?$
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