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amyjo0918
Jun 21, 2009, 02:09 PM
in may they began with 67 tents @<hidden> $17 and purchases of:
104 tents @<hidden> $19
159 tents @<hidden> $21
36 tents @<hidden> $22
they sold 314 tents and may 31st ending inventory consists of 52 tents. the sales price of each tent was $49.

determine the cost of goods sold and ending inventory for the month of may under the average cost, fifo cost, lifo cost. round average cost per unit 4 decimal places and round all other amounts to nearest dollar.
help please!!:confused:
sheraz2014
Jun 22, 2009, 04:44 AM
FIFO 16tents $21
36tents $22

LIFO 52Tents $17

Average 52tents $19.7978