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The following two questions relate to the information presented below. Purchases are presented in chronological order. table [ [ Beginning Inventory, 3 0 0
The following two questions relate to the information presented below. Purchases are presented in chronological order.
tableBeginning Inventory, units,$ eachFirst purchase, units,$ eachSecond purchase, units,$ eachThird purchase, units, $ eachFourth purchase, units, $ each
During the period, units were sold
If the company uses the weighted average method, how much was the cost of goods sold?
a $
b $
c $
d $
If the company uses LIFO, how much was the cost of the ending inventory?
a $
b $
c $
d $
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