Given a Beginning Inventory of 10 units at $7 per unit, and purchases (in order)of 30 units at $12 per unit, 40 units at $13 per unit, and 20 units at $15 per unit, calculate (ending inventory shows 20 units):
$$\begin{array} { | l | l | l | l | }
\hline & \text { LIFO } & \text { FIFO } & \text { Weighted-Average } \
\hline \text { Cost of Ending Inventory } & \text { A } & \text { C } & \text { E } \
\hline \text { Cost of Goods Sold } & \text { B } & \text { D } & \text { F } \
\hline
\end{array}$$ 20 units not sold

Question

Given a Beginning Inventory of 10 units at $7 per unit, and purchases (in order)of 30 units at $12 per unit, 40 units at $13 per unit, and 20 units at $15 per unit, calculate (ending inventory shows 20 units):
 $$\begin{array} { | l | l | l | l | } 
\hline & \text { LIFO } & \text { FIFO } & \text { Weighted-Average } \
\hline \text { Cost of Ending Inventory } & \text { A } & \text { C } & \text { E } \
\hline \text { Cost of Goods Sold } & \text { B } & \text { D } & \text { F } \
\hline
\end{array}$$ 20 units not sold

Quizplus · Accepted Answer

The Answer of Given a Beginning Inventory of 10 units at $7 per unit, and purchases (in order)of 30 units at $12 per unit, 40 units at $13 per unit, and 20 units at $15 per unit, calculate (ending inventory shows 20 units):
 $$\begin{array} { | l | l | l | l | } 
\hline & \text { LIFO } & \text { FIFO } & \text { Weighted-Average } \
\hline \text { Cost of Ending Inventory } & \text { A } & \text { C } & \text { E } \
\hline \text { Cost of Goods Sold } & \text { B } & \text { D } & \text { F } \
\hline
\end{array}$$ 20 units not sold

Given a Beginning Inventory of 10 Units at $7 Per