The Boxwood Company Sells blankets for $60 each. Purchase 5 units 30$ Purchase 10 units 34$ Purchase 10 units 40$ Sale 3 units Sale 6 units Sale 3 units Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average...

In searching the Internet on a method of how to do this, all examples include beginning inventory and purchases to determine average inventory. I know ending inventory for one year is beginning inventory for the next, but when you don't have information on purchases, how does one arrive at finding...

I am trying to compute ending inventory and cost of goods sold using FIFO and LIFO and Average Cost. June 1 Inv 198 8 1584 12 Purchase 593 9 5337 23 Purchase 791 11 8701 30 Inv 316 I figured out FIFO but can't seem to do LIFO Thank you

Hi ! I've honestly spent a long time trying to figure this out, but I keep getting the answer wrong and I'm not sure how I should go about this question. I'm not asking for you to just give me the answer, if you have time to give a little explanation that would be nice so I could understand what...

I am trying to compute ending inventory and cost of goods sold using FIFO AND LIFO, however, I am not able to understand what to do or how to do it. Please help Units unit cost total cost June 1 inv. 200 5 1000 12...