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Tony Merchandise Company_Computation of Inventory costing




Question;Tony Merchandise Company_Computation of Inventory costingTony Merchandise Company has the following information for the month of February:Feb. 2Beginning inventory20units@$12per unitFeb. 5Purchase20units@$16per unitFeb. 8Sale12unitsFeb. 21Purchase12units@$18per unitFeb. 25Sale14unitsAnswer the following questions for Tony Merchandise Company:Calculate the dollar ending inventory if first in, first out (FIFO) is used.Calculate the cost of goods sold if LIFO is used.Calculate the dollar ending inventory if weighted average is used.


Paper#37211 | Written in 18-Jul-2015

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