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Compute the cogs and ending inventory

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The precision Door Company sold 2,200 doors during 2018 at 160 dollar per door. Its beginning inventory on January 1 was 130 doors at 56 dollar. Purchases made during the year were as follows:

February          225 doors at 62 dollar

April.              350 doors at 65 dollar

June               700 doors at 70 dollar

August            300 doors at 66 dollar

October.           400 doors at 68 dollar

November.            250 doors at 72 dollar

Question 1: Compute the COGS and Ending Inventory under each of the following inventory cost flow assumptions:

(a) Simple Weighted Average, (b) FIFO, (c) LIFO.

Reference no: EM132563497

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