Unit 10
Answer
(a1)
Calculate the average cost per unit at May 1, 4, 8, 12, 15, 20 & 25. and
(a2)
Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost.
Answer
(a1)
Calculate the average cost per unit at May 1, 4, 8, 12, 15, 20 & 25. and
(a2)
Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost.