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Find Cost of goods sold and Ending inventory

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Reference no: EM132540000

Question - In one year, an ABC company received 3 shipments of 1,000 sewing machines at $125 each on Feb 12, then 2,500 sewing machines at $100 each on April 20, and finally 3,200 sewing machines at $95 each on August 26. During the year, the company sold 4800 sewing machines at $190each. ABC Company follows Perpetual system.

Instructions - Find Cost of goods sold and Ending inventory using FIFO and Moving Average Method.

Reference no: EM132540000

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