Question: 2 part question Ollivanders uses a perpetual inventory system: Cost/Unit $60.00 Total Cost $60,000 No. Units 1,000 600 800 400 1,000 1,200 78.00 Beginning inventory
2 part question


Ollivanders uses a perpetual inventory system: Cost/Unit $60.00 Total Cost $60,000 No. Units 1,000 600 800 400 1,000 1,200 78.00 Beginning inventory May 2, sale May 7, purchase May 16, sale May 20, purchase May 30, sale 62,400 79.20 79,200 The cost of the goods sold on May 30 under the LIFO method is $94,800 $86,400 $94,080 $91,200 Ollivanders uses a perpetual inventory system: Cost/Unit $60.00 Total Cost $60,000 No. Units 1,000 600 800 400 1,000 1,200 78.00 Beginning inventory May 2, sale May 7, purchase May 16, sale May 20, purchase May 30, sale 62,400 79.20 79,200 The cost of the goods sold on May 16 under the moving average method is $28,800 $24,000 $31,200 $30,400
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