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SHOW WORK PLEASE Gray Matter Corporation uses a periodic inventory system. The following information is available for the month of November: Feb. 1 On hand,
SHOW WORK PLEASE Gray Matter Corporation uses a periodic inventory system. The following information is available for the month of November: Feb. 1 On hand, 50 units at $22.00 each $ 1,100.00 5 Purchased, 125 units at $22.75 each 2,843.75 16 Purchased, 55 units at $24.00 each 1,320.00 Total Cost of Goods Available for Sale: $ 5,263.75 Units Sold: 160 units Ending Inventory, 70 units Based on the information above, compute the dollar amount of Cost of Goods Sold and Ending Inventory under all three of the cost flow method listed here: A) FIFO - Calculate COGS and El B) LIFO - Calculate COGS and El C) Weighted Average - Calculate COGS and El
SHOW WORK PLEASE
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