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(TCO 7) Alpha Company had the following inventory data for the current month. Units Unit Price S45 Inventory 12/1/13 Purchase Purchase Available for Sale Inventory
(TCO 7) Alpha Company had the following inventory data for the current month. Units Unit Price S45 Inventory 12/1/13 Purchase Purchase Available for Sale Inventory 12/31/13 Quantity Sold 20 25 $50 35 S 55 80 25 55 Total $900 $1,250 $1,925 4,075 Compute cost of goods sold for each of the following methods: i. Average cost ii. First in, first out (FIFO) ili. Last in, first out (LIFO)
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