Question

You are provided the following information about Kinistino Inc. (Kinistino) for November 2018. Assume that Kinistino uses a periodic inventory system and that during November the company sold 52,000 units of inventory:


Required:
Calculate cost of goods sold and ending inventory on November 30, 2018 for Kinistino, using the average cost and FIFO cost formulas. How many units of inventory are on hand at the end of November under each costformula?


$1.99
Sales0
Views68
Comments0
  • CreatedFebruary 26, 2015
  • Files Included
Post your question
5000