1. Exercise Goods available for sale 300 pieces. The beginning inventory price is 1,20. During period there were some operations with goods. entered (pieces) Data 6.03. 11.03. 20.03 22.03. 25.03. 29.03. 250 180 80 distribute (pieces) 220 240 110 Beginning price (euro) 1,30 1,40 1,50 Compute the cost that should be assigned to ending inventory and to cost of goods sold using the Average- Cost and FIFO Method. Compute the profit, selling price 3,20.
1. Exercise Goods available for sale 300 pieces. The beginning inventory price is 1,20. During period there were some operations with goods. entered (pieces) Data 6.03. 11.03. 20.03 22.03. 25.03. 29.03. 250 180 80 distribute (pieces) 220 240 110 Beginning price (euro) 1,30 1,40 1,50 Compute the cost that should be assigned to ending inventory and to cost of goods sold using the Average- Cost and FIFO Method. Compute the profit, selling price 3,20.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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