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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
The following data are available for the month of March:

March 1 balance   20 units at $15 each
March 10 purchase   40 units at $16 each
March 17 purchase   30 units at $17.50 each
March 30 purchase   25 units at $18 each

On March 31, 35 units are on hand.

Calculate cost of goods sold under the following methods:

a) FIFO   b) weighted-average (round per unit cost to the nearest cent, round final answer to the nearest dollar, assume periodic inventory system)
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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6 years ago
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harra Author
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6 years ago
Thanks
kc123
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Yesterday
This helped my grade so much Perfect
ouasfoudgewu
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2 hours ago
this is exactly what I needed
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