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Singh Company Sold 75 Units @ $350 Each on October

Question 53

Essay

Singh Company sold 75 units @ $350 each on October 31, Year 1. The following information is also available:
 Beginning inventory 25 units @ $175 February 2 purchase 20 units@ $180 June 1.5 purchase 45 units@ $200 october 1 purchase 30 units@ $220\begin{array} { l l } \text { Beginning inventory } & 25 \text { units @ } \$ 175 \\\text { February } 2 \text { purchase } & 20 \text { units@ } \$ 180 \\\text { June } 1.5 \text { purchase } & 45 \text { units@ } \$ 200 \\\text { october } 1 \text { purchase } & 30 \text { units@ } \$ 220\end{array} Required:Determine the amount of cost of goods sold using:
FIFO
LIFO
Weighted Average Determine the amount of ending inventory using:
FIFO
LIFO
Weighted Average

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Cost of Goods Sold: ...

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