Question: Please answer During May, the following changes in inventory took place: SHOW ALL CALCULATIONS May Balance 1,100 units @ $25 = 527,500 14 Purchases 800
Please answer

During May, the following changes in inventory took place: SHOW ALL CALCULATIONS May Balance 1,100 units @ $25 = 527,500 14 Purchases 800 units @ 536 - 28,800 Purchases 700 units @ $30 - 21,000 May 8 Sold 500 units @ 550 19 Sold 300 units @ 549 79 Sold 600 units @ $54 A physical count indicates that 1.200 units are on hand on May 31. The company uses the PERPETUAL method. Compute the Cost of Goods Sold to be recognized in the journal entry on May 29 assuming. (1). LIFO (2). FIFO What is the moving average cost per unit of ending inventory? (Round to the nearest penny) Assuming that the company uses the PERIODIC method rather than the perpetual, determine ach of the following: Ending inventory under LIFO b. Cost of Goods Sold under FIFO c. Weighted Average cost per unit for the month
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