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Use this inventory information for the month of September to answer the following questions. Sept. 1 Beginning inventory 10 units @ $60 5 Purchase 60

Use this inventory information for the month of September to answer the following questions.

Sept.

1

Beginning inventory

10 units @ $60

5

Purchase

60 units @ $56

14

Sale

40 units @ $120

21

Purchase

30 units @ $58

29

Sale

28 units @ $122

- A. B. C. D. E. F. G. H.

Assume a PERIODIC INVENTORY System and calculate COST OF GOODS SOLD using FIFO

- A. B. C. D. E. F. G. H.

Assume a PERIODIC INVENTORY System and calculate ENDING INVENTORY using LIFO

- A. B. C. D. E. F. G. H.

Assume a PERIODIC INVENTORY System and calculate COST OF GOODS SOLD using AVERAGE COST

- A. B. C. D. E. F. G. H.

Assume a PERPETUAL INVENTORY System and calculate ENDING INVENTORY using FIFO

- A. B. C. D. E. F. G. H.

Assume a PERPETUAL INVENTORY System and calculate COST OF GOODS SOLD using LIFO

A.

$3,864

B.

$1,836

C.

$3,868

D.

$1,832

E.

$1,852

F.

$1,824

G.

$3,876

H.

$3,848

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