Question: Class, Flat TV uses a perpetual inventory system. Shown below are Flat TV's beginning inventory of a partie product and purchases during January: Quantity Beginning

Class, Flat TV uses a perpetual inventory system. Shown below are Flat TV's beginning inventory of a partie product and purchases during January: Quantity Beginning inventory (Jan. 1) Purchase (Jan. 6) Purchase (Jan. 25) Total Unit Cost $195 $225 $230 12 12 30 Total Cost $1,170 2.700 2.760 $6.630 On January 23 (prior to the purchase on January 25), Flat TV sold 13 units of this product. Determine the cost of goods sold relating to the sale on January 23 under each of the following flow assumptions. (Show your computations.) Farima Permalink Show paren Food for Thought Question #3 - Comparison of LIFO FIFO

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