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Calculate the total amount to be assigned to cost of goods

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Reference no: EM131794510

    Units Unit Price Total Cost
October 1, 2012 Beginning Inventory 300 20.00            6,000
October 18, 2012 1st purchase 500 21.50         10,750
November 25, 2012 2nd purchase 400 22.00            8,800
January 12, 2013 3rd purchase 800 23.00         18,400
March 17, 2013 4th purchase 900 23.50         21,150
June 2, 2013 5th purchase 600 24.00         14,400
August 21, 2013 6th purchase  500 25.00         12,500
September 27, 2013 7th purchase 400 25.75         10,300


4400
      102,300

September 30, 2013

Required

Calculate the total amount to be assigned to cost of goods sold under each of the following methods.
1. FIFO
2. LIFO
3. Weighted Average

Reference no: EM131794510

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