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Tires Unlimited Company inventory records show the following data for the month of June pertaining to their All Weather Road Handling G60-15 Radial Tire: G60-15
Tires Unlimited Company inventory records show the following data for the month of June pertaining to their All Weather Road Handling G60-15 Radial Tire: G60-15 Radial Tire Inventory, June 1 Purchases: June 11th Units 82 105 96 Unit Cost $63.00 66.00 June 23rd A physical inventory on June 30th 30 shows 152 tires on hand. 68.00 a. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system. b. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. c: Calculate the value of ending inventory and cost of goods sold if the company uses average costing and a periodic inventory system. Remember, average cost is a "weighted" average
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