Use this inventory information for the month of September to answer the following questions.
Sept.
1
Beginning inventory
10 units @ $60
5
Purchase
60 units @ $56
14
Sale
40 units @ $120
21
30 units @ $58
29
28 units @ $122
Assume a PERIODIC Inventory system and calculate Cost of Goods Sold using FIFO
Assume a PERIODIC Inventory System and calculate Ending Merchandise Inventory using LIFO
Assume a PERIODIC Inventory System and calculate Cost of Goods Sold using Average Cost
Assume a PERPETUAL Inventory System and calculate ENDING Merchandise Inventory using FIFO
Assume a PERPETUAL Inventory System and calculate COST OF GOODS SOLD using LIFO
1,824
3,868
3,876
1,832
1,852
3,848
3,864
1,836
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