Answered

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Calculate ending inventory and COGS using FIFO and LIFO methods for ABC Inc.

On April 1, 2022 the balance in inventory is 220 units at $50 each

April 5, 2022 purchased 100 units at $60 each

Purchased 50 units at $45 each on April 10, 2022

Sold 300 units at $80 each on April 16, 2022

Sold 20 units at $95 each on April 25, 2022

Purchased 200 units at $40 each on April 30, 2022

Sagot :

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