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The following are the inventories data of PT Surya during March 2020: March 1 Beginning Inventory 200 kg @ $100 9 Purchase 300 kg @
The following are the inventories data of PT Surya during March 2020: March 1 Beginning Inventory 200 kg @ $100 9 Purchase 300 kg @ $123 11 Sales 400 kg 12 Sales returns 50 kg 16 Purchases 500 kg @ $128 17 Purchase returns 100 kg 24 Sales Purchase 100 kg @ $131 *Selling price at $500 Instructions: 1. Journalize these data using perpetual and LIFO method with the assumption all transactions are paid cash. 2. Make an inventory card using FIFO and LIFO method! 3. Calculate the cost of Merchandise Sold using FIFO, LIFO and Average method! 300 kg 30
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