Question: Current Attempt in Progress Pearl Industries uses a periodic inventory system and reports the following for the month of une Date Explanation Units Unit
Current Attempt in Progress Pearl Industries uses a periodic inventory system and reports the following for the month of une Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $4 $520 12 Purchases 520 6 3120 23 Purchases 325 A 2.600 30 Inventory 305 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (For calculation purposes round average cost to 3 decimal places, eg 5.275. Round onwers to Odecimal places. 125) The cost of the ending inventory $ The cost of goods eTextbook and Media Se for Later FIFO LIFO Average Cost Attempts: 0 of 3used Submit Ar
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
