Exercise World began January with merchandise inventory of 90 crates of vitamins that cost a...
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Accounting
Exercise World began January with merchandise inventory of 90 crates of vitamins that cost a total of $5,850.00. During the month, Exercise World purchased and sold merchandise on account as follows:
Jan 2 Purchase 130 crates @ $76 each
5 Sale 140 crates @ $ 100 each
16 Purchase 170 crates @ 86 each
Calculate the cost of goods sold, using: LIFO, FIFO, and Weighted average methods (20 points)
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