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Kopi Mwahal has the following information about the inventory of products for October 2020: ...

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Accounting

Kopi Mwahal has the following information about the inventory of products for October 2020:

Date

quantity

cost per item

beginning inventory

150

6400

5-Oct

200

6400

17-Oct

450

6200

28-Oct

100

6600

At the end of October, 220 bottles of coffee remained in inventory.

  1. If uses the FIFO method of allocating inventory, what would is the cost of goods sold for October?
  2. If company uses the FIFO method of allocating inventory costs, what would is the ending inventory?
  3. If company uses the average cost method of allocating inventory costs, what would is the ending inventory for October?

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