Question
Wong's Trading Card Inventory Purchases Date Activity Number of Units Cost per Unit Total Cost 04/01 Purchase 2,000 $10 $20,000 04/10 Purchase 3,000 $12 $36,000
Date | Activity | Number of Units | Cost per Unit | Total Cost |
---|---|---|---|---|
04/01 | Purchase | 2,000 | $10 | $20,000 |
04/10 | Purchase | 3,000 | $12 | $36,000 |
04/22 | Purchase | 1,500 | $16 | 24,000 |
On April 30, Wong sells 6,000 units for $20 unit.
What is Wong's Cost of Goods Sold (COGS) using the FIFO method of inventory valuation?
What is Wong's COGS using the LIFO method of inventory valuation?
What is Wong's Cost per Unit using the Weighted Average method of inventory valuation? (round to two decimal places)
[12.31]
What is Wong's COGS using the Weighted Average method of inventory valuation? (round to the nearest whole number
What is Wong's Ending Inventory after the sale using the FIFO method of inventory valuation?
What is Wong's Ending Inventory after the sale using the LIFO method of inventory valuation?
What is Wong's Ending Inventory after the sale using the Weighted Average method of inventory valuation?
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