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