The units of Product Green-2 available for sale during the year were as follows:
$\begin{array}{lrll}
\text { Aprl } & 1 & \text { Inventory } & 15 \text { units } &@& \$30 \
\text { June } & 16 & \text { Purchase } & 29 \text { units } &@& \$33\
\text { Sep. } & 28 & \text { Purchase } & 45 \text { units }&@& \$35
\end{array}$
There are 17 units of the product in the physical inventory at September 30.The periodic inventory system is used.Determine the cost of merchandise sold by a FIFO,b LIFO,and c average cost methods.

Question

The units of Product Green-2 available for sale during the year were as follows:
 $\begin{array}{lrll}
\text { Aprl } & 1 & \text { Inventory } & 15 \text { units } &@&  \$30  \
\text { June } & 16 & \text { Purchase } & 29 \text { units } &@&  \$33\
\text { Sep. } & 28 & \text { Purchase } & 45 \text { units }&@&  \$35
\end{array}$
 There are 17 units of the product in the physical inventory at September 30.The periodic inventory system is used.Determine the cost of merchandise sold by a FIFO,b LIFO,and c average cost methods.

Quizplus · Accepted Answer

The Answer of The units of Product Green-2 available for sale during the year were as follows:
 $\begin{array}{lrll}
\text { Aprl } & 1 & \text { Inventory } & 15 \text { units } &@&  \$30  \
\text { June } & 16 & \text { Purchase } & 29 \text { units } &@&  \$33\
\text { Sep. } & 28 & \text { Purchase } & 45 \text { units }&@&  \$35
\end{array}$
 There are 17 units of the product in the physical inventory at September 30.The periodic inventory system is used.Determine the cost of merchandise sold by a FIFO,b LIFO,and c average cost methods.

The Units of Product Green-2 Available for Sale During the Year