The inventory records of ZUP indicate the following regarding its best-selling product for the month of January:

Required:
Calculate the dollar amount of ending inventory and cost of goods sold under each of the following cost flow assumptions:
a.Weighted-average cost,periodic inventory.
b.First-in,first-out (FIFO),perpetual inventory.
c.Weighted-average cost,perpetual inventory.

Question

The inventory records of ZUP indicate the following regarding its best-selling product for the month of January:
  
Required:
Calculate the dollar amount of ending inventory and cost of goods sold under each of the following cost flow assumptions:
a.Weighted-average cost,periodic inventory.
b.First-in,first-out (FIFO),perpetual inventory.
c.Weighted-average cost,perpetual inventory.

Quizplus · Accepted Answer

The Answer of The inventory records of ZUP indicate the following regarding its best-selling product for the month of January:
  
Required:
Calculate the dollar amount of ending inventory and cost of goods sold under each of the following cost flow assumptions:
a.Weighted-average cost,periodic inventory.
b.First-in,first-out (FIFO),perpetual inventory.
c.Weighted-average cost,perpetual inventory.

The Inventory Records of ZUP Indicate the Following Regarding Its