Began with 67 tents @ $18 each
Purchases: Oct 4. 96 @ $20 = $1920
Oct 19. 161 @ $22 = $3542
Oct 25. 41@ $23 = $943
Sold 319 on Oct 31. And ending inventory was 46 tents. The sales price of each tent was $51. Find Ending inventory and cost of goods sold with Average method, FIFO, LIFO?
I have been working on this problem for an hour and just can't figure it out!! Please Help!:(