Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 4.00

ending inventory cost

24D company had 100 units costing $24 per unit in inventory at March 1. It purchased 300 units for $28 each on March 2. It purchased 100 units for $27 on March 30. 24D's only sales for the month occurred when it filled a sales contract on March 31 resulting in sales of 140 units for $49. 24D's inventory on March 31 shows 160 units in inventory.

 

Calculate Cost of goods sold for March and the March 31 ending inventory cost for each of the following methods:

 

 

 

 

FIFO

LIFO

Weighted Average

Cost of goods sold

      

Ending Inventory

  

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 01:08 PM My Price 4.00

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