Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item: Instructions
Using the perpetual system, determine the ending inventory and cost of goods sold under:
a) FIFO
b) Weighted-average (round unit cost to nearest cent)

Question

Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item:  Instructions
Using the perpetual system, determine the ending inventory and cost of goods sold under: 
a) FIFO
b) Weighted-average (round unit cost to nearest cent)

Quizplus · Accepted Answer

The Answer of Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item:  Instructions
Using the perpetual system, determine the ending inventory and cost of goods sold under: 
a) FIFO
b) Weighted-average (round unit cost to nearest cent)