Following data relates to product B52. Transaction Type # of Units Unit Cost ...
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Accounting
Following data relates to product B52.
Transaction Type # of Units Unit Cost
Beginning Inventory 10 $120
Purchased 40 $125
Sold 20
Purchased 50 $130
Sold 20
Sold 30
Purchased 40 $132
Sold 20
There are 50 units in ending inventory.
Compute cost of goods sold and ending inventory under each of the following methods:
a. FIFO periodic b. FIFO perpetual c. LIFO periodic d. LIFO perpetual
Following data relates to product B52.
Transaction Type # of Units Unit Cost
Beginning Inventory 10 $120
Purchased 40 $125
Sold 20
Purchased 50 $130
Sold 20
Sold 30
Purchased 40 $132
Sold 20
There are 50 units in ending inventory.
Compute cost of goods sold and ending inventory under each of the following methods:
a. FIFO periodic
b. FIFO perpetual
c. LIFO periodic
d. LIFO perpetual
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