Accounting HW help?

P2. The inventory, purchases, and sales of Product ISO for March and April are listed below. The company closes its books at the end of each month. It uses the periodic inventory system.

Mar. 1 Beginning inventory 60 units @ $ 49
10 Purchase 100 units @ $ 52
19 Sale 90 units
31 Ending inventory 70 units
Apr. 4 Purchase 120 units @ $ 53
15 Purchase 50 units @ $ 54
23 Sale 200 units
25 Purchase 100 units @ $ 55
30 Ending inventory 140 units

1. Compute the cost of the ending inventory on March 31 and April 30 using the average-cost method. In addition, determine cost of goods sold for March and April. Round unit costs to cents and totals to dollars.
March 31 ending inventory $ ?
Cost of goods sold for March $ ?
April 30 ending inventory $ ?
Cost of goods sold for April $ ?

Answer:
Ave Cost
March 31 EI=3,561.25, COGS=4,578.75
April 30 EI=8,647.40. COGS =10,491.3

FIFO
March 31 EI=3,640, COGS=4,500
April 30 EI=7,660. COGS =10,540

LIFO
March 31 EI=3,460, COGS=4,680
April 30 EI=6,970. COGS =11,050 Other Questions and Answers:
  • does anyone have any idea on consolidations loans without second mortages?
  • Do Simon Gift Cards affect credit rating?
  • I want to sue equifax,transunion and experian how do ido it?
  • How do i make my credit score? i just turned 18 and every one keeps tellin me i should get a credit card?
  • tell me about india & Indian economy?
  • Should i just shoulder lean if idont know how to dance?
  • Is it wise for me to file bankruptcy if I only have $1500 debt?
  • I have been charge twice for going over my overdraft. My bank allowed 2 direct debits to go through?