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Compute the cogs and ending inventory under each of fifo

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

February 225 doors at $62

April 350 doors at $65

June 700 doors at $70

August 300 doors at $66

October 400 doors at $68

November 250 doors at $72

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: EM132576798

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