Thursday
August 28, 2014

Homework Help: Finanace

Posted by Ruthie on Monday, February 20, 2012 at 3:45pm.

Beginning inventory 600 units @ $ 10
Purchases ( in order
from first to last) 1,000 units @ $11
900 units @ $ 12
700 units @ $ 14
Sales for the period were 1,900 units
A) Compute the inventory balance and the cost of goods sold at the end of the accounting period using average cost, FIFO, and LIFO.
B) which method shows the highest ending inventory?
C) which method shows the highest cost of goods sold?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Analysis - A firm has the following inventory information for the first...
math - what is the dollar value of ending inventory if there were 17,000 units ...
Accounting - Below is budgeted production and sales information for Flushing ...
accounting - Anthony Company uses a perpetual inventory system. It entered into ...
finance - A firm has beginning inventory of 300 units at a cost of $11 each. ...
Business Math - Using the FIFO method of inventory pricing, what is the dollar ...
Accounting - If Department H had 600 units, 60% completed, in process at the ...
Business Finance - Using the FIFO method of inventory pricing, what is the ...
finance - 3) A firm has beginning inventory of 300 units at a cost of $11 each. ...
Accounting - Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1...

Search
Members