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Compute the ending inventory and cost of goods sold

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Reference no: EM133081439

Question - The inventory data for an item for November are:

Nov. 1 Inventory 20 units at $19

Nov. 4 Sold 10 units10 Purchased 30 units at $20

Nov. 17 Sold 20 units30 Purchased 10 units at $21

Using a perpetual system compute the following:

1. Ending inventory and Cost of Goods Sold using the Weighted-average cost method (rounded) is?

2. Ending inventory and Cost of Goods Sold using the FIFO method is?

3. Ending inventory and Cost of Goods Sold using the LIFO method?

Reference no: EM133081439

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