Restoration Company has the following inventory transactions forJanuary:
Opening Inventory January 1st 4,000 units @ $15
Purchase #1 January 10th 9,320 units @ $13
Purchase #2 January 15th 6,000 units @ $12
Sale #1 January 20th 16,320 units @ $20
Purchase #3 January 25th 2,000 units @ $11
Required 1: What is the cost of goods sold for January if thecompany uses the FIFO periodic inventory method? $
Required 2: What is the Cost of Goods Sold for January if thecompany uses the LIFO periodic inventory system? $ Required 3: Whatis the Cost of Goods Sold for January if the company uses theWeighted Average periodic inventory system? $
Required 4: What is the cost of goods sold for January if thecompany uses the FIFO perpetual inventory method? $ Required 5:What is the Cost of Goods Sold for January if the company uses theLIFO perpetual inventory system? $ Required 6: What is the Cost ofGoods Sold for January if the company uses the Weighted Averageperpetual inventory system? $
Restoration Company has the following inventory transactions for January: Opening Inventory January 1st 4,000 units @ $1
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