82. Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average assuming a perpetual inventory system is in place. Beginning Balance - 250 units at $11 March 3-Purchase 400 units for $13 April 4-Sell 200 units for $22 June 30-Purchase 150 units for $14 August 16-Sell 300 units for $24 W

82. Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average assuming a perpetual inventory system is in place. Beginning Balance - 250 units at $11 March 3-Purchase 400 units for $13 April 4-Sell 200 units for $22 June 30-Purchase 150 units for $14 August 16-Sell 300 units for $24 W

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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