Question: CALCULATE COG'S and ENDING INVENTORY USING FIFO and LIFO METHOD ? DATE PARTICULARS UNITS COST PER UNIT TOTAL COST AUG 1 BEGINNING INVENTORY 10 @

CALCULATE COG'S and ENDING INVENTORY USING FIFO and LIFO METHOD ?

DATE PARTICULARS UNITS COST PER UNIT TOTAL COST
AUG 1 BEGINNING INVENTORY 10 @ $91 $910
AUG 3 PURCHASED 15 @ $106 $1590
AUG 17 PURCHASED 20 @ $115 $2300
TOTAL GOODS AVAILABLE FOR SALE 45 UNITS $4800

DATE PARTICULARS UNITS SELLING PRICE PER UNIT TOTAL COST
AUG 14 SALES 20 $133 $2660
AUG 28 SALES 14 $150 $2100
TOTAL 34 4760

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