Buy & Large,Inc.'s inventory activity in May was:
Required:
1.What is the cost of goods sold for the May 18 sale using the weighted average (WA)cost flow method? 2.What is the cost of goods sold for the May 18 sale using FIFO cost flow method? 3.Select which method is correct by choosing WA or FIFO,or Same,if both methods give the same result.

Question

Buy & Large,Inc.'s inventory activity in May was:
  Required:
1.What is the cost of goods sold for the May 18 sale using the weighted average (WA)cost flow method? 2.What is the cost of goods sold for the May 18 sale using FIFO cost flow method? 3.Select which method is correct by choosing WA or FIFO,or Same,if both methods give the same result.

Quizplus · Accepted Answer

The Answer of Buy & Large,Inc.'s inventory activity in May was:
  Required:
1.What is the cost of goods sold for the May 18 sale using the weighted average (WA)cost flow method? 2.What is the cost of goods sold for the May 18 sale using FIFO cost flow method? 3.Select which method is correct by choosing WA or FIFO,or Same,if both methods give the same result.

Buy & Large,Inc.'s Inventory Activity in May Was