Alpha company had an inventory of 10 units costing 6 each on june 1 ...
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Alpha company had an inventory of 10 units costing 6 each on june 1
Page 2 Q3. Alpha Company had an inventory of 10 units costing $6 each on June 1. On June 23, it purchased 20 units at $9 each, and on June 30, it purchased 15 units at $12 each. Alpha sold 27 units in June. Date No. Units Unit Cost Total 2 75 Q3a. Using the LIFO method, determine the cost of goods sold during June LIFO method, determine the cost of goods sold during June. Q3b. Using the FIFO method, determine the cost of goods sold during June. 213 17x9 153 Q3c. Using the Weighted Average method, determine the value of inventory as the end of June (1 mark). Q3d. Using the FIFO method, determine the value of inventory at the end of June Q3e. Determine Goods Available for Sale. Q3e. Use weighted average to determine cost of goods sold
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