Using the specific identification method, calculate (a) the cost of ending inventory and (b) the cost...

 

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Using the specific identification method, calculate (a) the cost of ending inventory and (b) the cost of goods sold given the following: LU 18-1(2) Date June 1 July 1 August 1 Units purchased 15 Echo Show's 360 45 Echo Show's 360 60 Echo Show's 360 January 1 inventory April 1 June 1 November 1 From the following, calculate the (a) cost of ending inventory (round the average unit cost to the nearest cent) and (b) cost of goods sold using the weighted-average method, FIFO, and LIFO (ending inventory shows 61 units). LU 18-1(2) Number purchased Cost per unit $275 250 240 40 60 50 55 Cost per unit $4 7 8 9 Total Ending inventory 2 Echo Show's from June 15 Echo Show's from July 12 Echo Show's from August $160 420 400 495 Using the specific identification method, calculate (a) the cost of ending inventory and (b) the cost of goods sold given the following: LU 18-1(2) Date June 1 July 1 August 1 Units purchased 15 Echo Show's 360 45 Echo Show's 360 60 Echo Show's 360 January 1 inventory April 1 June 1 November 1 From the following, calculate the (a) cost of ending inventory (round the average unit cost to the nearest cent) and (b) cost of goods sold using the weighted-average method, FIFO, and LIFO (ending inventory shows 61 units). LU 18-1(2) Number purchased Cost per unit $275 250 240 40 60 50 55 Cost per unit $4 7 8 9 Total Ending inventory 2 Echo Show's from June 15 Echo Show's from July 12 Echo Show's from August $160 420 400 495

Answer rating: 100% (QA)

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