Date
event
Number of units
Unit cost
Total cost
Dec. 1
Beg. Inventory
500
$10
$5000
Dec. 8
purchase
600
11
6600
Dec. 13
purchase
300
12
3600
Dec. 15
Sale
750
Dec. 24
purchase
300
13
3900
Dec. 28
purchase
400
15
6000
Dec. 30
sale
650
How do you calculate Cost of goods sold and ending inventory using the weighted average FIFO and LIFO inventory costing methods?
Weighted Ave. Cost
FIFO
LIFO
Ending inventory
Cost of Goods Sold