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Using the periodic inventory system, calculate the ending inventory and the Cost of Goods Sold under each of the following methods. Beginning Inventory 10
Using the periodic inventory system, calculate the ending inventory and the Cost of Goods Sold under each of the following methods. Beginning Inventory 10 units @ $1 = $ 10 Purchases 20 units @ $2 = $ 40 30 units @ $3 = $ 90 40 units @ $4 = $160 100 units $300 Ending Inventory 20 units A) FIFO Periodic B) LIFO Periodic C) Weighted Average
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