The beginning inventory, purchases, and sales for Harrington Equipment Company for the month of August are shown. Date B

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The Beginning Inventory Purchases And Sales For Harrington Equipment Company For The Month Of August Are Shown Date B 1 (23.54 KiB) Viewed 34 times

The beginning inventory, purchases, and sales for Harrington Equipment Company for the month of August are shown. Date Beginning Inventory and Purchases Sales Units Cost/Unit Units Aug. 1 (BI) 100 $8.00 150 8.10 T 250 8.30 Aug. 15 300 8.50 Aug. 31 650 BI: Beginning Inventory Required: Calculate the total amount to be assigned to cost of goods sold for August and the ending inventory on August 31, under each of the following methods. In your calculations round the average unit cost to two decimal places and answers to the nearest dollar. Cost of Goods Sold Inventory on Hand 1. Perpetual LIFO inventory method 2. Perpetual moving-average inventory method