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Calculate the FIFO, LIFO and average cost using the numbers and format below: ...

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Accounting

Calculate the FIFO, LIFO and average cost using the numbers and format below:

image

Unit Cost Inventory Bal # of UNITS USED # of UNITS REM FIFO Cost of Goods Sold Description Beginning Balance Purchase: Purchase Goods Available for Sale Ending Balance Cost of Goods Sold Units 1,000 5.00 6.00 4.00 500 $ 250 1,750 100 1,650 Description Beginning Balance Purchase: Purchase: Goods Available for Sale Endin Balance Cost of Goods Sold Units Unit Cost Inventory Bal # of UNITS USED # of UNITS REM LIFO Cost of Goods Sold Inventory Bal Description Beginning Balance Purchase: Purchase Goods Available for Sale Ending Balance Cost of Goods Sold Units Unit Cost

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