Solution-Solve the ending inventory and cogs under fifo

Solve the ending inventory and cogs under fifo

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Reference no: EM132985979

Ali Express Corp. shows the following inventory information for the month of April:

April 1 Inventory 150 units @ $4

April 9 Purchased 550 units @ $4.50

April 17 Purchased 350 units @ $4.75

April 30 Purchased 300 units @ $5

Total sales in April were $9500 at a price of $10 per unit.

Problem 1: Solve the ending inventory, COGS and Gross profit under FIFO, LIFO and AVCO, assuming that the company uses periodic inventory system.

Reference no: EM132985979

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Solve the ending inventory and cogs under fifo

Reference no: EM132985979

Reference no: EM132985979

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