Question

Tri Workout Clothing Store uses the perpetual inventory system. Tri Workout has beginning inventory on February 1 of 650 units at $ 72. Data pertaining to the purchases and sales during the month are as follows:


Required
1. Determine the cost of goods sold for February and the cost of the inventory on February 28 by the moving- average- cost method. (Round to two decimal places.)
2. Determine the cost of goods sold for February and the cost of the inventory on February 28 by the last- in, first- outmethod.


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  • CreatedOctober 21, 2014
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