Using the data from SE5-4A, calculate the cost of goods sold and the cost of the ending inventory using the FIFO periodic cost flow assumption.
In SE5-4A, Calculate the cost of goods sold and the cost of the ending inventory using the weighted average cost flow assumption. Assume periodic record keeping.
Sales ........... 100 units at $15 per unit
Beginning inventory ..... 90 units at $6 per unit
Purchases .......... 60 units at $9 per unit