Ending inventory fifo and lifo?

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Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted [ 1 Answers ]

Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 10 units @ $550/unit Jan. 5 Purchase 25 units @ $600/unit Jan. 9 Sales 26 units @ $900/unit Jan. 18 Purchase 11 units @ $650/unit Jan. 25 ...

Calculate cost of goods sold, ending inventory, & gross profit for LIFO, FIFO & [ 1 Answers ]

Hello, I have tried this example several times but do not seem to get the correct answer . I would appreciate your help with this one. Thanks: Twin Co. is a retailer operating which uses the perpetual inventory method. All sales returns from customers result in the goods being returned to...

How to calculate lifo and fifo ending inventory [ 1 Answers ]

Beginventory 39 units@49 Sale 28 units@69 Firstpurchase 26 units@52 Sale 15 units@70 Secondpurchase 21units@55 Sale 30units@72 How to cal the cost and ending inventory for LIFO and FIFO

FIFO-LIFO- Ending Inventory-COGS formula needed. [ 0 Answers ]

I need your help on the following question I can not seem to get this: Beginning Inventroy: 1,000 units @$10 per unit Purchases: 3,000 units @$12 per unit Sales: 3,500 units @$16 per unit Ending Inventory: 500 units Compute both the ending inventroy value and cost of goods sold using each of...

Find Cost of goods sold and ending inventory using.average cost/FIFO/LIFO [ 2 Answers ]

I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35

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