inventory amp cost of salesduring 2003 cramer, Financial Accounting

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inventory amp cost of salesduring 2003 cramer

Inventory & Cost of sales

During 2003, Cramer Sales sold 180 units @ $320 each. Cash selling and administrative expenses were $15,000. The following info available:
Beginning inventory 30 units @ $180 each, Feb.3 - 60 units @$190 each, June 2 - units @$220 each and Oct 1 - units @$230 each.

Need to determine amount of cost of goods sold using: FIFO, LIFO and weighted average.

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Financial Accounting: inventory amp cost of salesduring 2003 cramer

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Financial Accounting: inventory amp cost of salesduring 2003 cramer

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