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The following relates to ABC Companys inventory for April: Date Description 4/1 Beginning Inventory 4/5 Purchases 4/18 Purchases 4/30 Ending inventory Units 1,500 2,500 1,000
The following relates to ABC Companys inventory for April: Date Description 4/1 Beginning Inventory 4/5 Purchases 4/18 Purchases 4/30 Ending inventory Units 1,500 2,500 1,000 1,800 Unit cost $10 $11 $12 Batch cost $15,000 $27,500 $12,000 Calculate cost of goods available for sale for April _____________________ Calculate the cost of goods sold under the following methods: ________________ FIFO ________________ Average Calculate cost of ending inventory under the following methods: ________________ LIFO ________________ Average
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