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The beginning inventory of company x was 200 units at $45 per unit. During the year, they made two batch purchases. The first was a
The beginning inventory of company x was 200 units at $45 per unit. During the year, they made two batch purchases. The first was a 300 unit purchase at $50 per unit; the second was a 350 unit purchase at $52 per unit. They sold 800 units. What is the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming company x uses... a. FIFO b. LIFO c. Weighted Average
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