Question: with steps Inventory Costing Methods-Periodic Method Spanner Company is a retailer that uses the periodic inventory system. March 1 Beginning inventory 100 units of Product
Inventory Costing Methods-Periodic Method Spanner Company is a retailer that uses the periodic inventory system. March 1 Beginning inventory 100 units of Product M51.590 total cost 6 Purchased 200 units of Product M@ $3,600 total cost 10 Purchased 125 units of Product M $3,000 total cost 15 Sold 200 units of Product Me $6,000 total sale D Calculate the March cost of goods sold and the ending inventory at March 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted average cost methods Do not round until your final answers. Round your final answers to the nearest dollar A. First-in, first-out Ending inventory Cost at Goods Sold B Last.in first-out Ending twentory 0 Cost of Goods Sold 0 C Weighted average cost Ending Inventory 0 Cost of Goods Sold 3 O 0
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