Question
Saunder Company uses the perpetual inventory system.The following information is available for the month of May: May1Beginning inventory5 units @ $8 10Purchase20 units @ $12
Saunder Company uses the perpetual inventory system.The following information is available for the month of May:
May1Beginning inventory5 units @ $8
10Purchase20 units @ $12
15Sales15 units
18Purchase10 units @ $14
21Sales9 units
A)Using FIFO method of inventory, calculate the ending inventory balance and the cost of goods sold for March.
B) Using the moving weighted average, calculate the ending inventory balance and the cost of goods sold for March(round up to the nearest cent
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
