| FIFO, LOFO and weighted average cost | |||||||||||
| Date | units | unit cost | total cost | ||||||||
| Beging Inventory | 01 Jan | 120 | 80 | $9,600 | |||||||
| purchase | 15 Jan | 380 | 90 | 34200 | |||||||
| purchase | Jan 42 | 200 | 110 | 22000 | |||||||
| caculate the number and cost of goods available for sale | |||||||||||
| caculate the number of units in ending inventory | |||||||||||
| caculate the average cost of ending inventory and cost of goods sold using the a) Fifo, b) LIFO and c) weighted average cost method | |||||||||||
Attachments:
Copy of Unit ….xlsx