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Tigris Company is a manufacturing company that sells its products to wholesalers. In the beginning of April, Tigris has 4,000 units that cost an average
Tigris Company is a manufacturing company that sells its products to wholesalers. In the beginning of April, Tigris has 4,000 units that cost an average of $12 to produce. On April 4, Tigris sold 1500 units at a price of $45 per unit. On April 7, Tigris produced 3,000 more units for an average cost of $15 per unit. Tigris then produced 1000 more units at a cost of $16 per unit. On April 12 Tigris sold 4,000 units at a price of $42 per unit. On April 18 Tigris produced 5,000 more units at a cost of $18 per unit. Tigris sold 1,500 more units at a price of $50 per unit on April 24. Finally on April 28, Tigris produced 2,000 more units at a cost of $20 per unit. Calculate the cost of Goods Available for sale, Cost of Goods Sold, Ending Inventory, and Gross Profit for: 1. LIFO Periodic 2. LIFO Perpetual 3. Weighted Average Perpetual (round calculations to at least 3 decimal places)
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