Question: how do you get the 40 i highlighted ? FIFO LIFO Average-cost The Cost of ending inventory 1710 1390 1517 The Cost of Goods sold
FIFO LIFO Average-cost The Cost of ending inventory 1710 1390 1517 The Cost of Goods sold 2.500 2820 2674 Workings FIFO Cost of Ending Inventory (2107)+00'G)1470+240-1710 Cost of Goods Solda (1105)+(325*6)-550-1950-2500 LIFO Cost of Ending Inventory=(1105)+(1406)=550+840=1390 Cost of Goods Sold=(2256)+(2107)=1350+1470-2820 Average-Cost Cost of Ending Inventory=250*6.146=1537 Cost of Goods Sold-435*6.146=2674 FIFO LIFO Average-cost The Cost of ending inventory 1710 1390 1517 The Cost of Goods sold 2.500 2820 2674 Workings FIFO Cost of Ending Inventory (2107)+00'G)1470+240-1710 Cost of Goods Solda (1105)+(325*6)-550-1950-2500 LIFO Cost of Ending Inventory=(1105)+(1406)=550+840=1390 Cost of Goods Sold=(2256)+(2107)=1350+1470-2820 Average-Cost Cost of Ending Inventory=250*6.146=1537 Cost of Goods Sold-435*6.146=2674
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