Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 34 units in ending inventory. (Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.) Cost Units purchased per unit $8.50 7.75 Date Total cost $ 433.50 January 1 April 1 51 46 356.50 June 1 61 7.50 457.50 September 1 56 8.00 448.00 Total 214 $1,695.50 Cost of goods sold Ending inventory FIFO LIFO Average cost
Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 34 units in ending inventory. (Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.) Cost Units purchased per unit $8.50 7.75 Date Total cost $ 433.50 January 1 April 1 51 46 356.50 June 1 61 7.50 457.50 September 1 56 8.00 448.00 Total 214 $1,695.50 Cost of goods sold Ending inventory FIFO LIFO Average cost
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EA: Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement...
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