es From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 49 units. Note: Round your answers to the nearest cent. Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 September 30 November 10 December 15 Units 5 Cost of ending inventory Cost of goods sold 10 12 15 18 20 32 16 Unit cost $ 2.00 2.50 3.00 3.25 4.00 4.20 4.40 4.80
es From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 49 units. Note: Round your answers to the nearest cent. Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 September 30 November 10 December 15 Units 5 Cost of ending inventory Cost of goods sold 10 12 15 18 20 32 16 Unit cost $ 2.00 2.50 3.00 3.25 4.00 4.20 4.40 4.80
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![ces
From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 49
units.
Note: Round your answers to the nearest cent.
Mc
Graw
Hill
Beginning
inventory and
purchases
January 1
April 10
May 15
July 22
August 19
September 30
November 10
December 15
Units
5
10
Cost of ending inventory
Cost of goods sold
12
15
18
20
32
16
-L
Unit
cost
$ 2.00
2.50
3.00
3.25
4.00
4.20
4.40
4.80
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Transcribed Image Text:ces
From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 49
units.
Note: Round your answers to the nearest cent.
Mc
Graw
Hill
Beginning
inventory and
purchases
January 1
April 10
May 15
July 22
August 19
September 30
November 10
December 15
Units
5
10
Cost of ending inventory
Cost of goods sold
12
15
18
20
32
16
-L
Unit
cost
$ 2.00
2.50
3.00
3.25
4.00
4.20
4.40
4.80
< Prev
caps lock
shift
5 of 10
1
JUL
30
Q
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S
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3
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X
4
D
R
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F
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H
8
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9
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