Acme has the following information about its inventory.

Using a perpetual inventory system, calculate the costs to be assigned to the ending inventory and to goods sold under:
a. Average
b. FIFO.

Question

Acme has the following information about its inventory. 
  
Using a perpetual inventory system, calculate the costs to be assigned to the ending inventory and to goods sold under:
a. Average 
b. FIFO.

Quizplus · Accepted Answer

The Answer of Acme has the following information about its inventory. 
  
Using a perpetual inventory system, calculate the costs to be assigned to the ending inventory and to goods sold under:
a. Average 
b. FIFO.

Acme Has the Following Information About Its Inventory