Your answer is correct. Determine the cost of goods avallable for sale. Cost of goods...
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Your answer is correct. Determine the cost of goods avallable for sale. Cost of goods avallable for sale eTextbook and Media Indigo Ltd, had a beginning inventory on January 1 of 250 units of product 5XL at a cost of $160 per unit. During the year, purchases were as follows: Indigo uses a periodic inventory system. At the end of the year, a physical inventory count determincd that there were 200 units on hand. Determine the cost of the ending inventory and the cost of the goods sold using (1) FIFO and (2) awerage cost. (Do not round weighted average unit cost. Round Average Cost answers to 0 decimal places, e.s. 5,125.)
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