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Exercise World began January with merchandise inventory of 90 crates of vitamins that cost a...

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Accounting

Exercise World began January with merchandise inventory of 90 crates of vitamins that cost a total of $5,850.00. During the month, Exercise World purchased and sold merchandise on account as follows:

Jan 2 Purchase 130 crates @ $76 each

5 Sale 140 crates @ $ 100 each

16 Purchase 170 crates @ 86 each

Calculate the cost of goods sold, using: LIFO, FIFO, and Weighted average methods (20 points)

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