Accounting
laurafxoVista Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $8 per unit. During the year, purchases were:
Feb. 20 | 600 | units at | $9 | Aug. 12 | 400 | units at | $11 | |||||||
May 5 | 500 | units at | $10 | Dec. 8 | 100 | units at | $12 |
Vista Company Inc. uses a periodic inventory system. Sales totaled 1,500 units.
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.)
FIFO | LIFO | AVERAGE-COST | ||||
The ending inventory | $ [removed] | $ [removed] | $ [removed] | |||
The cost of goods sold | $ [removed] | $ [removed] | $ [removed] |
- 7 years ago
- 5
Answer(2)
Purchase the answer to view it
- periodic.xlsx
Purchase the answer to view it
NOT RATED
- vista_company_inc._inventory_costing.xlsx
Bids(1)
other Questions(10)
- for katetutor
- 10q+20=7q+23
- math 201 slp 5
- human resource management.
- Think about the power of the narrator. In Beowulf, we saw how he was able to change the details of the some of his accomplishments. In Othello, Iago was able to manipulate those around him by controlling the flow of information. Think about Poe’s narrator
- for Essays Guru M2D1
- I have World History presentation
- work
- ,.
- sociology worksheet