Business, 19.10.2019 04:20 apalacios3503

The units of an item available for sale during the year were as follows: jan. 1 inventory 30 units at $110 mar. 10 purchase 60 units at $120 aug. 30 purchase 10 units at $124 dec. 12 purchase 100 units at $128 there are 80 units of the item in the physical inventory at december 31. the periodic inventory system is used. determine the ending inventory cost and the cost of goods sold by three methods. round interim calculations to one decimal and final answers to the nearest whole dollar. cost of inventory and cost of goods sold :
inventory method ending inventory cost of goods sold
first-in, first-out (fifo) $ $
last-in, first-out (lifo)
weighted average cost

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The units of an item available for sale during the year were as follows: jan. 1 inventory 30 units...

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