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What is the cost of goods sold for julia & company

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Question -

1) The following information pertains to Julia & Company:

March 1 Beginning inventory = 30 units @ $5

March 3 Purchased 15 units @ $4

March 9 Sold 25 units @ $8

What is the cost of goods sold for Julia & Company assuming it uses FIFO?

2) The following information pertains to Julia & Company:

March 1 Beginning inventory = 30 units @ $5

March 3 Purchased 15 units @ $4

March 9 Sold 25 units @ $8

What is the cost of goods sold for Julia & Company assuming it uses LIFO?

Reference no: EM132189407

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