Question: InventoryCosting Methods Bay Path Hardware provides the following information relating to its June inventory activity. Hahn uses a perpetual inventory system. Date Transaction Units Unit
- InventoryCosting Methods
Bay Path Hardware provides the following information relating to its June inventory activity. Hahn uses a perpetual inventory system.
| Date | Transaction | Units | Unit Cost | Total Cost |
| 1-Jun | Inventory | 13 | $8.00 | $104 |
| 7-Jun | Purchase | 22 | $9.50 | $209 |
| 12-Jun | Sale | 20 | ||
| 18-Jun | Purchase | 10 | $10.25 | $102.50 |
| 20-Jun | Sale | 14 | ||
| 26-Jun | Purchase | 16 | $11.00 | $176 |
| 30-Jun | Sale | 15 |
Compute the ending inventory and cost of goods sold using the FIFO, LIFO, AND, Weighted Average Cost costing method. Submit in excel with each method on a separate tab.
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