Question: Beginning Inventory 2 , 4 0 0 units@$ 3 6 eachUsing the facts from Problem # 1 3 , please calculate the COGS and EI
Beginning Inventory units@$ eachUsing the facts from Problem # please calculate the COGS and EI using theUsing the following information calculate the Cost of Goods Sold COGS and Ending Inventory EI using the "FIFO PeriodicPerpetual method.
Beginning Inventory units@$each
Jan Sold units
Jan Purchased units @
Jan Sold units
Jan th Purchased units @$
Extra Credit: Using the information in Problem # calculate the COGS and EI usi the "Weighted Average, Periodic Method".
Using the facts from Problem # please calculate the COGS and EI using the "LIFO Periodic" method.
Using the facts from Problem # please calculate the COGS and EI using the "LIFO Perpetual" method. Note: This method requires a little more thought but is more in line with the actual events, in chronological order.
"LIFO Periodic" method.
Jan Sold units
Jan Purchased units @
Jan Sold units
Jan th Purchased units @ $
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