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Matlock Corporation sells item A as part of its product line. Information as to balances...

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Accounting

Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 20x4. Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method and Weighted Average method.

  1. Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method and Weighted Average method.

2. Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing method.

image Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 204

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