Singh Company sold 75 units @ $350 each on October 31, Year 2. The following information is also available:
Required:a)Determine the amount of cost of goods sold using:1)FIFO2)LIFO3)Weighted Averageb)Determine the amount of ending inventory using:1)FIFO2)LIFO 3)Weighted Average

Question

Singh Company sold 75 units @ $350 each on October 31, Year 2. The following information is also available:
  Required:a)Determine the amount of cost of goods sold using:1)FIFO2)LIFO3)Weighted Averageb)Determine the amount of ending inventory using:1)FIFO2)LIFO 3)Weighted Average

Quizplus · Accepted Answer

The Answer of Singh Company sold 75 units @ $350 each on October 31, Year 2. The following information is also available:
  Required:a)Determine the amount of cost of goods sold using:1)FIFO2)LIFO3)Weighted Averageb)Determine the amount of ending inventory using:1)FIFO2)LIFO 3)Weighted Average

Singh Company Sold 75 Units @ $350 Each on October