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Ferris Company began 2009 with 6000 units of its p...

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Ferris Company began 2009 with 6000 units of its principal product. The cost of each unit is 8$. Merchandise transactions for the month of January 2009 are as follows Jan 10 5000 9 45000 Jan 18 6000 10 60000 11000 105000 Sales Jan. 5 3000 Jan 12 2000 Jan 20 4000 9000 What is ending inventory and cost of goods sold for each of the following 1. Fifo, periodic system 2. Lifo Periodic system 3. Lifo, perpetual 4. Average Cost periodic system 5. Average Cost perpetual system

 

Paper#7662 | Written in 18-Jul-2015

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