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Project Description:

seitzer corporation sells item a as part of its product line. information as to balances on hand, purchases, and sales of item a are given in the following table for the first six months of 2012.
quantities
unit price
date purchased sold balance of purchase
january 1 — — 300 $2.50
january 24 1,300 — 1,600 $2.60
february 8 — 900 700 —
march 1 500 --- 1,200 $2.70
april 16 — 960 240 —
june 18 600 — 840 $2.80


(a) compute the ending inventory at june 30 under the perpetual lifo inventory costing method.

(b) compute the cost of goods sold for the first six months under the periodic fifo inventory costing method.

(c) compute the cost of goods sold for the first six months under the perpetual average inventory costing method.
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Price Type: Negotiable

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