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Willis Corp. has the following inventory information available for the month of December Date December 1 Beginning Inventory40 December 10 Purchases December 20 Purchases $15
Willis Corp. has the following inventory information available for the month of December Date December 1 Beginning Inventory40 December 10 Purchases December 20 Purchases $15 $19 $18 50 60 The company sold 120 units in December Required: Using the above information, fill in the chart below with the amounts that should be reported for total cost of goods sold for December and the cost of ending inventory at Dec 31 under both the LIFO and FIFO cost flow assumptions. Do not include commas or a decimal point in the answers. Cost of Goods Sold Cos af Ending Inventory
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