Check out some similar questions!
Compute inventory cost of goods sold using periodic FIFO and LIFO
[ 3 Answers ]
Thompson sells a basketball, NBA, that is popular with basketball players. Below is information relating to Thompson's purchases of NBA baskeballs during September. During the same month, 118 NBA baskeballs were sold. Thompson uses a periodic inventory system. Sept 1 Inventory 15 $97 ...
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
Periodic system FIFO, LIFO, Avg Cost
[ 1 Answers ]
Beginning inventory and purchases as follows: Beg Inv... 7 @ $104 1st purch... 12 @ $103 2nd purch... 19 @ $105 3rd purch... 11 @ $107 Use periodic system. 19 units were left in inventory at the end of the period. Determine the cost of the 19 units in the inventory by each method, show...
Periodic Inventory System ( Average Cost ) :confused:
[ 1 Answers ]
June1 inventory 225 $5 $1125 June 12 purchases 375 $6 $2250 June 23 purchases 500 $7 $3500 June 30 inventory 180 $0 $0 What's the average cost EI and average cost COGS? View more questions Search
Add your answer here.
|