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with explanations - Rawson Company's inventory records for April are as follows: Date Balance Transaction Units Cost April 1 Inventory 7.000 $110.00 9 Purchase 10,000
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- Rawson Company's inventory records for April are as follows: Date Balance Transaction Units Cost April 1 Inventory 7.000 $110.00 9 Purchase 10,000 104.00 15 Sales 15,000 24 Purchase 14,000 100.00 26 Sales 10,000 30 Purchase 4,000 90.00 Required: (,,) Compute the cost of ending inventory and the cost of goods sold, using the following cost formulas for inventory (a) FIFO perpetual (20%) (b) Weighted average Cost perpetual (20%) 7 (a) FIFO Ending inventory Cost of goods sold (b) Weighted Average Cost Ending inventory Cost of goods soldStep by Step Solution
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