Evaluate amount of cost of goods sold using fifo

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Reference no: EM1314225

Inventory & Cost of sales

During 2003, Cramer Sales sold 180 units @ $320 each. Cash selling and administrative expenses were $15,000. The following info available:
Beginning inventory 30 units @ $180 each, Feb.3 - 60 units @$190 each, June 2 - units @$220 each and Oct 1 - units @$230 each.

Need to determine amount of cost of goods sold using: FIFO, LIFO and weighted average.

Reference no: EM1314225

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