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Calculate the value assigned to cost of goods sold

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Reference no: EM132426684

Question - Oracle Company had the following purchases and sales during March.

On March 1, Oracle had beginning inventory of 110 units purchased at $42 per unit

On March 3, she purchased 60 units at $52

On March 10, she purchased 210 units at $57

On March 17, she purchased 40 units at $60

On March 25 she sold 345 units.

Instructions: Using the inventory and sales data above, calculate the value assigned to cost of goods sold for March and to the ending inventory at March 31 using (a) FIFO, (b) LIFO and (c) Average Cost.

Reference no: EM132426684

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