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thank you i have not learned perpetual or periodic. Transactions for the month of June were: Purchases June 1 (balance) 2,200 @ $3.00 3 3,300
thank you
i have not learned perpetual or periodic.
Transactions for the month of June were: Purchases June 1 (balance) 2,200 @ $3.00 3 3,300 @ 3.10 7 1,800 @3.30 15 2,700 @ 3.40 22 750 @ 3.50 June 2 6 9 10 Sales 900 @ $5.50 2,400 @ 5.50 1,500 @ 5.50 600 @ 6.00 2,100 @ 6.00 300 @ 6.00 18 25 Compute a) cost of ending inventory; b) cost of goods sold and c) gross profit Assuming LIFO Assuming FIFO Assuming Weighted Average Step by Step Solution
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