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The following are data available for Blue Grass for the month of June: Sales 1,200 units Beginning Inventory 300 units @ 2.00 Purchases, in order
The following are data available for Blue Grass for the month of June:
Sales 1,200 units
Beginning Inventory 300 units @ 2.00
Purchases, in order 600 units @ 2.10
400 units @2.20
500 units @ 2.30 (a.) Calculate cost of goods sold and ending inventory under the following cost flow assumptions: (1.) Weighted average (2.) FIFO (3.) LIFO
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