Question: I need help with inventory Costing Methods. FIFO: (1) Ending inventory: (2) Cost of Goods Sold: (3) Gross profit: LIFO: (1) Ending inventory: (2) Cost
I need help with inventory Costing Methods.
FIFO:
(1) Ending inventory:
(2) Cost of Goods Sold:
(3) Gross profit:
LIFO:
(1) Ending inventory:
(2) Cost of Goods Sold:
(3) Gross profit:
Moving Average:
(1) Ending inventory:
(2) Cost of Goods Sold:
(3) Gross profit:
#of units Per unit cost per unit selling price
BI 400 $40
Jan 2. Purchase 200 44
Jan 5 sale 300 $80
Jan 9 purchase 200 48
Jan 14 sale 350 90
Jan 18 purchase 200 50
Jan 21 sale 150 90
Jan 25 purchase 500 52
Jan 31 sale 450 100
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