Calculate inventory and cost of goods sold

Reference no: EM133500752

Question: Bufford Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $600 each. On January 10, Bufford purchased 6 units at $660 each. The company sold 2 units on January 8 and 4 units on January 15. Instructions Compute the ending inventory under (a) FIFO, (b) LIFO, and (c) moving-average cost. (For moving-average, round the weighted- average unit cost to three decimal places.) Calculate inventory and cost of goods sold using three cost flow methods in a perpetual inventory system

Reference no: EM133500752

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