ONLY QUESTIONS Q9 AND Q12 PLEASE ONLY QUESTIONS Q9 AND Q12 PLEASE Consider the f

Question

ONLY QUESTIONS Q9 AND Q12 PLEASE

ONLY QUESTIONS Q9 AND Q12 PLEASE

Consider the following: Calculate the-Cost of Goods Sold using LIFO method of inventory costing. What is the value of the ending inventory using the LIFO method of inventory costing? Calculate the Cost of Goods Sold using FIFO method of inventory costing. What is the value of the ending inventory using the FIFO method of inventory costing? What is the value of the ending inventory using the average cost method of inventory costing?

Explanation / Answer

15) Cost of goods sold $ 170 10*5+20*6 16) Value of ending inventory $ 170 5*6+20*7

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