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Compute the cost of goods sold and ending inventory

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Reference no: EM133014900

Question - A firm made the following merchandise purchases & sales during the month

July 1 purchased 380 units at $15 each

July 5 purchased 270 units at $20 each

July 9 sold 500 units at $55 each

July 14 purchased 300 units at $24 each

July 20 sold 250 units at $55 each

July 30 purchased 250 units at $30 each

From the above information, compute the cost of goods sold and ending inventory, using FIFO, LIFO, and WEIGHTED AVERAGE inventory methods.

Reference no: EM133014900

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