Given the following: Number Cost purchased Total per unit $ 3 $ 105 January 1 inventory April 1 June 1 35 55 330 45 7 315 November 1 50 8 400 185 $1,150 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 56 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIIFO (ending inventory shows 56 units). Cost of goods sold

Given the following: Number Cost purchased Total per unit $ 3 $ 105 January 1 inventory April 1 June 1 35 55 330 45 7 315 November 1 50 8 400 185 $1,150 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 56 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIIFO (ending inventory shows 56 units). Cost of goods sold

Name: Not use excel Given the following:NumberCostper unit$ 3Total$ 105purch
Uploaded: 2022-11-21T18:53:23.000Z
Channel: Bartleby
Description: Not use excel Given the following:NumberCostper unit$ 3Total$ 105purchasedJanuary 1 inventoryApril 135556.330June 145315November 150400185$1,150a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 56 units).Cost of ending

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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