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Compute the cost of the ending inventory

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Reference no: EM132656706

Question - On May 1: the beginning inventory 3000 units at SR4 cost per unit

During the month, the purchases were:

4000 units at SR3 cost per unit

5000 units at SR6 cost per unit

6000 units at SR5 cost per unit

The ending inventory: 2000 units.

Required - Compute the cost of the ending inventory and the cost of goods sold using the following methods:

a) FIFO: First in First out

b) Average Cost

Reference no: EM132656706

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