If 200 units were sold during the month 1. Find the number of units left on...

 

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If 200 units were sold during the month 1. Find the number of units left on hand at end of June 2. Compute cost of goods sold with FIFO method 3. Compute Ending Inventory amount with FIFO method 4. Compute cost of goods sold with LIFO method Units Unit Cost $11 $12 $13 $14 Date 6/1 Beginning Inventory 80 Units 6/12 Purchase 70 Units 6/17 Purchase 6/23 Purchase 85 Units 62 Units If 200 units were sold during the month 1. Find the number of units left on hand at end of June 2. Compute cost of goods sold with FIFO method 3. Compute Ending Inventory amount with FIFO method 4. Compute cost of goods sold with LIFO method Units Unit Cost $11 $12 $13 $14 Date 6/1 Beginning Inventory 80 Units 6/12 Purchase 70 Units 6/17 Purchase 6/23 Purchase 85 Units 62 Units

Answer rating: 100% (QA)

To calculate the number of units left on hand at the end of June and to compute cost of goods sold using both the FIFO FirstInFirstOut and LIFO LastIn... View the full answer