Inventory Costing Methods – Periodic Method Fortune Stores uses the periodic inventory systemfor its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventoryconsisted of up units with a unit cost of $3?5. Transactions for this item during April were as follows: April 9 Purchased 4D units @ $395 per unit 14 Sold 30 units E! $5M per unit23 Purchased 2D units @ $400 per unit 29 Sold 4D u nits Required a. Calculate the cost of goods sold and the ending inventory cost for the month of April using theweightedaverage cost method. Do not round until your final answers. Round your final answers tothe nearest dollar. b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the firstin. Firstout method. c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in. firstout method.
Inventory Costing Methods
“Struggling with a similar assignment?” We can help!!
How it works – it’s easy
Place your Order
Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.
Make a payment
The total price of your order is based on number of pages, academic level and deadline.
We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.
Once complete, we’ll send your assignment via the email provided on the order form.