Autok Fabricators, Inc. has 10 units in beginning inventory costing $45 each. It purchased 90 more for $36 each during the month. The company sold 80 units during the month. Autok used a periodic inventory system. Calculate cost of goods sold using: a) FIFO b) Weighted-average cost c) LIFO

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Chapter10: Inventory
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Problem 5EA: Akira Company had the following transactions for the month. Calculate the ending inventory dollar...
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Autok Fabricators, Inc. has 10 units in beginning inventory costing $45 each. It purchased 90 more for $36
each during the month. The company sold 80 units during the month. Autok used a periodic inventory
system.
Calculate cost of goods sold using:
a) FIFO
b) Weighted-average cost
c) LIFO

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