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Compute the cost of goods sold and the ending inventory

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Reference no: EM132903368

Question - The following information is available for Oshkosh Inc.:

July 1 On hand 40 units @ $5.25 each $210

July 5 Purchased 100 units @ $5.20 each $520

July 14 Purchased 60 units @ $5.10 each $306

Total available 200 units $1,036

31 On hand 50 units

Required - Compute the cost of goods sold and the ending inventory value for each of the following inventory methods: Weighted Average (Average cost method), FIFO, LIFO.

Reference no: EM132903368

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