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The assignment must be uploaded into the Moodle before the deadline. Use Excel, Word or PDF. Another formats will not be accepted. Each transaction is
The assignment must be uploaded into the Moodle before the deadline. Use Excel, Word or PDF. Another formats will not be accepted. Each transaction is worth 0,5 point and also 1 point for proper value of ending inventory and cost of sales. Please check the formatting before submitting the work. Required: Calculate ENDING INVENTORY and COST OF SALES using LIFO and weighted average method. Show all calculations. Material X supplementary ledger information Transaction Type of transaction 1. / 01.03.2020 opening balance 2./05.03.2020 purchase 3. / 10.03.2020 sale 4./ 22.03.2020 purchase Number of units 100 units 40 units 80 units 10 units Purchase price / unit $2,50/unit $3,00/unit $4,50/unit
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