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Given the Following, with 21 Units Remaining Calculate

Question 65

Short Answer

Given the following, with 21 units remaining:
 Beg. Inventory  Units  Unit Cost  Jan 1 8$6.00 Apr 11 24$11.00 May 17 30$14.00 Dec 5 19$16.00\begin{array} { | l | c | c | c | } \hline \text { Beg. Inventory } & & \text { Units } & \text { Unit Cost } \\\hline & \text { Jan 1 } & 8 & \$ 6.00 \\\hline & \text { Apr 11 } & 24 & \$ 11.00 \\\hline & \text { May 17 } & 30 & \$ 14.00 \\\hline & \text { Dec 5 } & 19 & \$ 16.00 \\\hline\end{array} Calculate:
 LIFO  FIFO  Weighted-  Average  Cost of Ending Inventory  A  C  E  Cost of Goods Sold  B  D  F \begin{array} { | l | c | c | c | } \hline & \text { LIFO } & \text { FIFO } & \begin{array} { c } \text { Weighted- } \\\text { Average }\end{array} \\\hline \text { Cost of Ending Inventory } & \text { A } & \text { C } & \text { E } \\\hline \text { Cost of Goods Sold } & \text { B } & \text { D } & \text { F } \\\hline\end{array}

Correct Answer:

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A. $191.00; B. $845....

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