Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO...
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Accounting
Calculate cost of goods sold and ending inventory for Emergicares bandages orders using FIFO, LIFO and average cost. There are 33 units in ending inventory. (Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent.)
Date
Units purchased
Cost per unit
Total cost
January 1
41
$
7.80
$
319.80
April 1
36
7.05
253.80
June 1
51
6.80
346.80
September 1
46
7.30
335.80
Total
174
$
1,256.20
Cost of goods sold
Ending inventory
FIFO
LIFO
Average cost
Answer & Explanation
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