Question: Can you help me answer this question? I'm having trouble with it. Thank you so much. B) Compute the cost of goods sold and the

Can you help me answer this question? I'm having trouble with it. Thank you so much.


B) Compute the cost of goods sold and the ending inventory if AVERAGE COST is used, showing your work below. YOU MUST PLACE YOUR ANSWERS IN THE BOLD OUTLINED BOXES ON THE TOTALS LINE. DATE 3/1 3/4 3/12 3/22 3/31 TOTALS Calculations for averages:Problem 1 - (14 points) Horizon Furnishings, Inc. completed these inventory transactions during the month of March: DATE ITEM QUANTITY UNIT COST March 1 Balance 10 $90 March 4 Purchase 38 $87 March 12 Sale 42 March 22 Purchase 60 $103 March 31 Sale 62 A) Compute the cost of goods sold and the ending inventory if LIFO is used, showing your work below. YOU MUST PLACE YOUR ANSWERS IN THE BOLD OUTLINED BOXES ON THE TOTALS LINE. DATE 3/1 3/4 DATE 3/22 3/31 SALE TOTALS
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