Units Units Cost Cost
Beginning Inventory 1,000 $18.00 $18,000
Purchases: #1 1,800 $18.25 $32,850
#2 800 $18.50 $14,800
#3 1,200 $19.00 $22,800
Goods available for sale $4,800 units $88.450 cost
Huton sells 2,800 units.
Question 1: FIFO method- cost of goods sold for beg/end?
Question 2: LIFE method – cost of good sold for beg/end?
Tags: