Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Units Unit Cost 200 Beginning inventory January 1 Purchases: February 11 May 18 October 23 March 1 July 1 Sales 500 400 100 400 400 $45 $63 $72 $90 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-i first-out, (b) last-in, first-out, and (c) weighted-average cost method. Cost of goods sold Ending inventory a. FIFO $ 0 $ b. LIFO $ 0 $ c. Weighted average $ 0 $ 0 0 0
Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Units Unit Cost 200 Beginning inventory January 1 Purchases: February 11 May 18 October 23 March 1 July 1 Sales 500 400 100 400 400 $45 $63 $72 $90 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-i first-out, (b) last-in, first-out, and (c) weighted-average cost method. Cost of goods sold Ending inventory a. FIFO $ 0 $ b. LIFO $ 0 $ c. Weighted average $ 0 $ 0 0 0
Chapter10: Inventory
Section: Chapter Questions
Problem 5EB: Bleistine Company had the following transactions for the month. Calculate the ending inventory...
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![Inventory Costing Methods
The following data are for the Evans Company, which sells just one product:
Units Unit Cost
200
500
400
100
400
400
Beginning inventory January 1
Purchases:
February 11
May 18
October 23
March 1
July 1
Sales
$45
$63
$72
$90
Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in,
first-out, (b) last-in, first-out, and (c) weighted-average cost method.
Cost of goods sold Ending inventory
a. FIFO
$
0 $
b. LIFO
$
0 $
c. Weighted average $
0 $
0
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb96f3f21-b6cc-4719-b4e2-5131ba1e1c04%2Ff49d1e5e-e748-4767-8f5f-3aef3da9c09e%2Fntehg39_processed.png&w=3840&q=75)
Transcribed Image Text:Inventory Costing Methods
The following data are for the Evans Company, which sells just one product:
Units Unit Cost
200
500
400
100
400
400
Beginning inventory January 1
Purchases:
February 11
May 18
October 23
March 1
July 1
Sales
$45
$63
$72
$90
Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in,
first-out, (b) last-in, first-out, and (c) weighted-average cost method.
Cost of goods sold Ending inventory
a. FIFO
$
0 $
b. LIFO
$
0 $
c. Weighted average $
0 $
0
0
0
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