Question: Hi please do both the top and vottom half! Cost of Goods Sold = Ending Inventory = Example - Average Cost Jan 1. Beginning inventory
Cost of Goods Sold = Ending Inventory = Example - Average Cost Jan 1. Beginning inventory =20 units @$2 2. Purchased 30 units @ $3 3. Sold40 units@\$5 4. Purchased 50 units@\$4 5. Sold30units@\$5 Jan 1 Jan2 Jan4 Cost of Goods Sold = Ending Inventory = 59
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
