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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 3 1 , 2 0 1 7 . Beginning
The Stilton Company has the following inventory and credit purchases during the fiscal year ended December
Beginning units @ $unit
Feb. units @ $unit
Aug. units @ $unit
Stilton Company has two credit sales during the period. The units have a selling price of $ per unit.
Sales
Mar. units
Sept. units
Stilton Company uses a perpetual inventory system.
Required:
Calculate the dollar value of cost of goods sold and ending inventory using: FIFO AND WEIGHTED AVERAGE
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