Question: Zoola, Inc. provided the following information regarding its inventory for the current year, its second year of operations. Compute Zoolas ending inventory and cost of
Zoola, Inc. provided the following information regarding its inventory for the current year, its second year of operations.
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Compute Zoola€™s ending inventory and cost of goods sold under each of the following cost-flow methods assuming the company uses a perpetual inventory system ( round your answer for cost per unit to two decimal places):
a. Moving Average
b. FIFO
c. LIFO
Transaction Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units 3,000 4,500 1,200 2,300 9.600 5,600 3,200 8,700 1,400 Unit Cost S1700 16.00 16.50 1700 Units Sold April 13 at $20 Purchases, May 5 Purchases, July 4 15.00 16.00 Units Sold - October 31 at $19 Purchases, November 22 15.00
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a Moving Average UNITS PURCHASEDSOLD UNIT COST CUMULATIVE UNITS COST CUMULATIVE COST AVERAGE COST PE... View full answer
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