Forgive enterprise stock records show the following transactions for a specific item during last month: The inventory at
Posted: Wed May 04, 2022 6:40 am
Forgive enterprise stock records show the following transactions
for a specific item during last month: The inventory at the
beginning of the month was 100 units values at GHC40000. During the
month, it received 250 units into the warehouse and issued 150
units into production valued at GHC63000. Which of the following
statement is correct regarding the cost of goods sold?
A. The cost of goods sold under LIFO is GHC2000 more than FIFO
and GHC9857 more than weighted average
B. The cost of goods sold under FIFO is GHC2000 less than LIFO
but GHC9857 more than weighted average
C. The cost of goods sold under weighted average is GHC2000 less
than LIFO and GHC9857 more than FIFO
D. The cost of goods sold under FIFO is GHC2000 more than LIFO
and GHC9857 less than weighted average
for a specific item during last month: The inventory at the
beginning of the month was 100 units values at GHC40000. During the
month, it received 250 units into the warehouse and issued 150
units into production valued at GHC63000. Which of the following
statement is correct regarding the cost of goods sold?
A. The cost of goods sold under LIFO is GHC2000 more than FIFO
and GHC9857 more than weighted average
B. The cost of goods sold under FIFO is GHC2000 less than LIFO
but GHC9857 more than weighted average
C. The cost of goods sold under weighted average is GHC2000 less
than LIFO and GHC9857 more than FIFO
D. The cost of goods sold under FIFO is GHC2000 more than LIFO
and GHC9857 less than weighted average