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Use this inventory information for the month of September to answer the following questions. ...

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Question

Accounting

Use this inventory information for the month of September to answer the following questions.

Sept.

1

Beginning inventory

10 units @ $60

5

Purchase

60 units @ $56

14

Sale

40 units @ $120

21

Purchase

30 units @ $58

29

Sale

28 units @ $122
- A. B. C. D. E. F. G. H.

Assume a PERIODIC Inventory system and calculate Cost of Goods Sold using FIFO
- A. B. C. D. E. F. G. H.

Assume a PERIODIC Inventory System and calculate Ending Merchandise Inventory using LIFO
- A. B. C. D. E. F. G. H.

Assume a PERIODIC Inventory System and calculate Cost of Goods Sold using Average Cost
- A. B. C. D. E. F. G. H.

Assume a PERPETUAL Inventory System and calculate ENDING Merchandise Inventory using FIFO
- A. B. C. D. E. F. G. H.

Assume a PERPETUAL Inventory System and calculate COST OF GOODS SOLD using LIFO
A.

1,824
B.

3,868
C.

3,876
D.

1,832
E.

1,852
F.

3,848
G.

3,864
H.

1,836

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