The following information is available for Sigma Company Units Unit Cost 300 $12 $ 3,600 April 1: Inventory April 5: Purchase April 12 Purchase 800 15 12,000 700 16 11,200 April 20: Purchase 500 19 9,500 April 28: Purchase 300 22 6,600 April 30: Inventory 370 1-Compute each of the following under the average-cost method: (a) Cast of ending inventory and (b) Cost of goods sold. 2- Compute each of the following under the FIFO method: (a) Cost of ending inventory and (b) Cost of goods sold. Show your work. Total cost
The following information is available for Sigma Company Units Unit Cost 300 $12 $ 3,600 April 1: Inventory April 5: Purchase April 12 Purchase 800 15 12,000 700 16 11,200 April 20: Purchase 500 19 9,500 April 28: Purchase 300 22 6,600 April 30: Inventory 370 1-Compute each of the following under the average-cost method: (a) Cast of ending inventory and (b) Cost of goods sold. 2- Compute each of the following under the FIFO method: (a) Cost of ending inventory and (b) Cost of goods sold. Show your work. Total 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 24CE: Inventory Costing: Average Cost Refer to the information for Filimonov Inc. and assume that the...
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please solve with the FIFO method ( question 2)
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