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Ending Inventory

I tried to start working on this but I am confused, is this using cost of goods equation? However I do not have the ending inventory...

Basic data regarding purchases and sales:
Date Activity Units Unit costa
2/1 Begin invent 600 1.50
2/9 Purchase 1300 1.70
2/15 purchase 1500 1.90
2/24 purchase 1800 2.05

At the end of the month the company had 1800 units on hand. Calculate:
1- cost of goods available for sale
2-what is the ending inventory under the weighted average method?
3-what is the ending inventory under the LIFO method?
4-What is the ending inventory under the FIFO method?

Solution Preview

The ending inventory is given. The question states that there are 1,800 units on hand at the end of the month.
1- cost of goods available for sale

The cost of goods available for sale is the total value of units available. This will be the beginning inventory + the purchases. The ...

Solution Summary

The solution explains the calculation of cost of goods available for sale and ending inventory under FIFO, LIFO and weighted average method

$2.19