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The following information regarding inventory was taken from Top Hat Retail Companys records: Units Unit Cost Balance at 8/1 200 $26 Purchase 8/5 150 $30
The following information regarding inventory was taken from Top Hat Retail Companys records:
| Units | Unit Cost |
|
|
|
Balance at 8/1 | 200 | $26 |
Purchase 8/5 | 150 | $30 |
Purchase 8/11 | 200 | $34 |
Purchase 8/20 | 180 | $35 |
|
|
|
Sale 8/4 | 110 |
|
Sale 8/14 | 180 |
|
Sale 8/17 | 160 |
|
Required:
Determine the following:
Ending inventory under weighted average periodic, Ending inventory under FIFO periodic, and Cost of goods sold under FIFO perpetual
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