Using the periodic inventory system, calculate the ending inventory and the Cost of Goods Sold under each of the following methods. Beginning Inventory Purchases 10 units @ $1 = $ 10 20 units @ $2 = $ 40 30 units @ $3 = $ 90 40 units @$4 = $160 100 units $300 Ending Inventory A) FIFO Periodic B) LIFO Periodic C) Weighted Average 20 units
Using the periodic inventory system, calculate the ending inventory and the Cost of Goods Sold under each of the following methods. Beginning Inventory Purchases 10 units @ $1 = $ 10 20 units @ $2 = $ 40 30 units @ $3 = $ 90 40 units @$4 = $160 100 units $300 Ending Inventory A) FIFO Periodic B) LIFO Periodic C) Weighted Average 20 units
Chapter10: Inventory
Section: Chapter Questions
Problem 2PA: Trini Company had the following transactions for the month. Calculate the ending inventory dollar...
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![Using the periodic inventory system, calculate the ending inventory and the Cost of Goods Sold under
each of the following methods.
Beginning Inventory
Purchases
10 units @ $1 = $ 10
20 units @ $2 = $ 40
30 units @ $3 = $ 90
40 units @$4 = $160
100 units
$300
Ending Inventory
A) FIFO Periodic
B) LIFO Periodic
C) Weighted Average
20 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd939741a-480b-4fa8-8ffd-0bc4bf122919%2F20e4394c-300b-4433-be28-d81458f96028%2Flrhd55j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the periodic inventory system, calculate the ending inventory and the Cost of Goods Sold under
each of the following methods.
Beginning Inventory
Purchases
10 units @ $1 = $ 10
20 units @ $2 = $ 40
30 units @ $3 = $ 90
40 units @$4 = $160
100 units
$300
Ending Inventory
A) FIFO Periodic
B) LIFO Periodic
C) Weighted Average
20 units
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