With all the new inventory Tom is going to have, he wants to be sure he is tracking and valuing it correctly. He again will look to you for recommendations on how to do so and wants to get this sorted out before his new machine arrives. The information he has provided is based on current operations and so only includes the purchase and sale of inventory [not manufacturing].
Explain the pros & cons of both FIFO and Weighted Average costing, calculate what the difference in ending inventory and cost of sales between the two would be and recommend 1 to Tom:
With All The New Inventory Tom Is Going To Have He Wants To Be Sure He Is Tracking And Valuing It Correctly He Again W 1 (19.46 KiB) Viewed 6 times
i peng 47 40 With all the new invertory Tom is going to have hearts rations and so only includes the purchase and a 49 53 in the pros & cons of both $1 53 Date 54 Opening ventry 55 35 62 43 M 65 M 87 Required and Weighted Average contingate what the dining y Town 70 misy with all the changes to 71 Prepare for all the tra 15--23 Purchase 20-Jan 23 10 05-Feb-22 Purchase cing and valuingcecypain will you for recommendations on mory (not mandatur 10-13 36-Mar 22 Purcha 25-22 145 orecard the head 75 9 200-5 201 NO 1 50.00 75.00 4500 $5.00 and sho see all sates and purchases are accomm WITA be and remo hever coatings pr
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