Inventory Costing Methods-Periodic Method The following information is for the Bud Company; the comp

 
   

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Inventory Costing Methods-Periodic Method The following information is for the Bud Company; the company sells just one product: Units Unit Cost Beginning Inventory 200 $10 Purchases: Feb. 11 500 14 May 18 400 16 Oct. 23 100 22 At year-end, there was an ending inventory of 340 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method. Do not round until your final answers. Round your answers to the nearest dollar. A First-in, First-out Ending Inventory Cost of goods sold 0 ele 0 B. Last-in, first-out: Ending Inventory $ Cost of goods sold S c. Weighted Average 0 x 0 x 0 x Ending Inventory S 0 x Cost of goods sold Inventory Costing Methods-Periodic Method The following information is for the Bud Company; the company sells just one product: Units Unit Cost Beginning Inventory 200 $10 Purchases: Feb. 11 500 14 May 18 400 16 Oct. 23 100 22 At year-end, there was an ending inventory of 340 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method. Do not round until your final answers. Round your answers to the nearest dollar. A First-in, First-out Ending Inventory Cost of goods sold 0 ele 0 B. Last-in, first-out: Ending Inventory $ Cost of goods sold S c. Weighted Average 0 x 0 x 0 x Ending Inventory S 0 x Cost of goods sold