Wu Company sold 150 units @ $350 each on October 31, 2013. The following information is also available: Required:
a) Determine the amount of cost of goods sold using:
FIFO
LIFO
Weighted Average
b) Determine the amount of ending inventory using:
FIFO
LIFO
Weighted Average

Question

Wu Company sold 150 units @ $350 each on October 31, 2013. The following information is also available:  Required:
a) Determine the amount of cost of goods sold using:
FIFO
LIFO
Weighted Average
b) Determine the amount of ending inventory using:
FIFO
LIFO
Weighted Average

Quizplus · Accepted Answer

The Answer of Wu Company sold 150 units @ $350 each on October 31, 2013. The following information is also available:  Required:
a) Determine the amount of cost of goods sold using:
FIFO
LIFO
Weighted Average
b) Determine the amount of ending inventory using:
FIFO
LIFO
Weighted Average

Wu Company Sold 150 Units @ $350 Each on October