Thursday
November 27, 2014

Homework Help: MATH

Posted by ABBY on Monday, November 30, 2009 at 8:26am.

Jones Company had 100 units in beginning inventory at a total cost of $10,000.The company
purchased 200 units at a total cost of $26,000. At the end of the year, Jones had 80 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2)
LIFO, and (3) average-cost.

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