Student Name: Anthony Jedruczek (Please PRINT your name) Assume that Q-Caf has the following transactions related to the sale of coffee beans during the month of October, 2023. Oct 1 Oct 5 Oct 15 Oct 26 Oct 30 90 lbs of coffee beans on hand with a purchasing cost of $10 each Purchased 100 lbs for $12 each Sold 120 lbs for $25 each Purachsed 60 lbs for $15 each Sold 80 lbs for $25 each Q-Caf adopts the Perpetual Inventory System. Calculate the Cost of Goods Sold and ending balance of the coffee beans inventory by using LIFO method. Show your calculation steps

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS and ending balance of the coffee beans inventory using the ... View the full answer