Jolly Gyms Inc. uses a periodic inventory system and had the following activity for a single inventory item: Instructions
Determine the ending inventory and cost of goods sold using:
a) FIFO
b) Weighted-average (round unit cost to nearest cent)

Question

Jolly Gyms Inc. uses a periodic inventory system and had the following activity for a single inventory item:  Instructions
Determine the ending inventory and cost of goods sold using: 
a) FIFO
b) Weighted-average (round unit cost to nearest cent)

Quizplus · Accepted Answer

The Answer of Jolly Gyms Inc. uses a periodic inventory system and had the following activity for a single inventory item:  Instructions
Determine the ending inventory and cost of goods sold using: 
a) FIFO
b) Weighted-average (round unit cost to nearest cent)