RECOMMENDED!!Compute the cost of the ending inventory and the cost of goods

  

Assume a periodic inventory costing method. (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (b) Which costing method gives the highest ending inventory? The highest cost of goods sold? Why? (c) Explain why the average cost is not $6. (d) For Extra Credit , up to 5 points, assume a perpetual inventory costing system. Compute the ending inventory and cost of goods sold as if half of the sales were made after August 12 and before August 23; and half of the sales were made after August 23 and before August 31. Show all your work and calculations. Discuss why the COGS and EI are different values under the perpetual method. DateExplanationUnitsUnit CostTotal Cost1-AugBeginning inventory120$5$60012-AugPurchase 370$6$2,22023-AugPurchase 500$7$3,50031-AugEnding Inventory160

How it works

  1. Paste your instructions in the instructions box. You can also attach an instructions file
  2. Select the writer category, deadline, education level and review the instructions 
  3. Make a payment for the order to be assignment to a writer
  4.  Download the paper after the writer uploads it 

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades