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Viper Company began year 2 0 2 0 with 2 9 , 0 0 0 units of product in its January 1 inventory costing $
Viper Company began year with units of product in its January inventory costing $ each. It made successive
purchases of its product in year as follows. The company uses a periodic inventory system. On December a physical
count reveals that units of its product remain in inventory.
Mar. units @ $ each
May units @ $ each
Aug. units @ $ each
Nov. units @ $ each
Required:
Compute the number and total cost of the units available for sale during in year
Compute the amounts assigned to ending inventory and the cost of goods sold using a FIFO and b weighted average cost.
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Compute the number and total cost of the units available for sale during in year
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