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The inventory records for Rudolph Enterprises Limited shows the following information for the month of August 2023: August 1 - beginning inventory August 10 -
The inventory records for Rudolph Enterprises Limited shows the following information for the month of August 2023: August 1 - beginning inventory August 10 - purchase August 15 - purchase 25 units @ \$30/unit =$750 35 units @ \$33/unit=1,155 15 units @ \$35/unit = 525 On August 25 Rudolph sold 30 units for $80 each. Required: 1. Compute the cost of goods sold \& ending inventory using each of the following methods: a. Specific unit cost, with 15 units from beginning inventory, 25 units from the August 10 purchase \& 5 units from the August 15 purchase still on hand at August 31, 2023. b. Weighted - average cost c. First-in, first-out cost
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