Inventory prior year 12/31 1940 units at 5 current year purchases 3/21 5140 units at 7 8/1 2840 units at 8 Ending inventory 4130 i need to calculate COGS and ending inventory using Lifo, FIFO and average cost
Inventory prior year 12/31 1940 units at 5 current year purchases 3/21 5140 units at 7 8/1 2840 units at 8 Ending inventory 4130 i need to calculate COGS and ending inventory using Lifo, FIFO and average cost
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 6MCQ: Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is...
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Inventory prior year 12/31 1940 units at 5
current year purchases
3/21 5140 units at 7
8/1 2840 units at 8
Ending inventory 4130
i need to calculate COGS and ending inventory using Lifo, FIFO and average cost
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