Page 1 of 1
Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the curren
Posted: Thu May 19, 2022 1:51 pm
by answerhappygod
- Hamilton Company Uses A Periodic Inventory System At The End Of The Annual Accounting Period December 31 Of The Curren 1 (26.1 KiB) Viewed 34 times
Hamilton
Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product t: Units 1,890 Unit Cost $7 Inventory, December 31, prior year For the current year! Purchase, March 21 Purchase, August 1 Inventory, December 31, current year 6,070 4,020 2,810 6 4 Required: Compute ending Inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. (Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold