Hello, I am needing help with the following problem


Question Description:

35

Hello, I am needing help with the following problem problem 2.xlsx Given the following data, calculate cost of goods sold and the cost of ending inventory. 3 separate methods, FIFO, LIFO and Weighted Average. You must show ALL calculations. Date Transaction 1/10 Bought 100 inventory units @ $12 1/20 Bought 200 inventory units @ $15 1/25 Sold 150 inventory units @ $26 1/28 Bought 100 inventory units @ $17 1/31 Sold 120 inventory units @ $26 2/4 Bought 60 inventory units @ $18

Answer

35