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Samson Company had the following balances and transactions during 2009. Beginning inventory 10 units at $70 March 10 sold 8 units for $100 June 10
Samson Company had the following balances and transactions during 2009. Beginning inventory 10 units at $70 March 10 sold 8 units for $100 June 10 purchased 20 units at $80 October 30 sold 15 units for $100 What would the company's inventory amount be on the December 31, 2009 balance sheet using each of the following methods.
A. Perpetual FIFO Costing Method
B. Periodic Average Costing Method
C. Perpetual LIFO Costing Method
D. Perpetual Average Costing Method
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