MarigoldCompany Ltd. had 116 units in beginning inventory at a total cost of NT$354,380. The...
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MarigoldCompany Ltd. had 116 units in beginning inventory at a total cost of NT$354,380. The company purchased 232 units at a total cost of NT$811,304. At the end of the year, Marigold had 87 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round average-cost per unit to 2 decimal places, e.g. 2.25 and final answers to O decimal places, e.g. NT$45.) FIFO Average-cost The cost of the ending inventory NT$ NT$ The cost of goods sold NT$ NT$ Which cost flow method would result in the higher net income? method would result in the higher net income. Which cost flow method would result in inventories approximating current cost in the statement of financial position? method would result in inventories approximating current cost in the statement of financial position. Which cost flow method would result in Marigold paying fewer taxes in the first year? method would result in Marigold paying lower taxes in the first year
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