Question 11 of 19 < > June 1 (a) 12 23 30 Units Inventory Purchase 400 Purchase 350 Inventory 150 250 Cost of goods sold Unit Cost $7 Cost of the ending inventory $ 8 9 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. $1,750 3,200 3,150 FIFO LIFO
Question 11 of 19 < > June 1 (a) 12 23 30 Units Inventory Purchase 400 Purchase 350 Inventory 150 250 Cost of goods sold Unit Cost $7 Cost of the ending inventory $ 8 9 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. $1,750 3,200 3,150 FIFO LIFO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Question 11 of 19 < >
June 1
(a)
12
23
30
Units
Inventory 250
Purchase 400
Purchase 350
Inventory 150
Cost of the ending inventory
Unit Cost
$7
Cost of goods sold
8
$
9
Total Cost
Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.
$1,750
3,200
FIFO
3,150
LIFO](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F567e5c76-a71a-4e3b-b67f-acaa9766611e%2F6a05025c-1a71-47ff-96bf-5d9fde778528%2Fnw6fbvn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 11 of 19 < >
June 1
(a)
12
23
30
Units
Inventory 250
Purchase 400
Purchase 350
Inventory 150
Cost of the ending inventory
Unit Cost
$7
Cost of goods sold
8
$
9
Total Cost
Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.
$1,750
3,200
FIFO
3,150
LIFO
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