CourseLover

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    Devry University
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Category > Business & Finance Posted 14 Dec 2017 My Price 10.00

ACCT 1100 Ch 6

Please solve this Accounting issue, slightly tricky for me.


Name ACCT 1100 Ch 6 Units Unit Price Total Cost October 1, 2012 Beginning Inventory 300 20.00 6,000 October 18, 2012 1st purchase 500 21.50 10,750 November 25, 2012 2nd purchase 400 22.00 8,800 January 12, 2013 3rd purchase 800 23.00 18,400 March 17, 20134th purchase 900 23.50 21,150 June 2, 2013 5th purchase 600 24.00 14,400 August 21, 2013 6th purchase 500 25.00 12,500 September 27, 2013 7th purchase 400 25.75 10,300 4400 102,300 September 30, 2013 Ending Inventory 1,000 Required Calculate the total amount to be assigned to cost of goods sold under each of the following methods. 1. FIFO 2. LIFO 3. Weighted Average
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CourseLover
(12)
Status NEW Posted 14 Dec 2017 08:12 AM My Price 10.00

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