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Mathematics
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OpenStudy (anonymous):
Explanation Units Unit Cost Total Cost Ending Inventory Valuation Cost of Goods Sold Inventory, January 1 90 $102.00 $9,180.00 Purchases: 01/06/12 60 $101.00 $6,060.00 01/15/12 45 $101.00 $4,545.00 01/22/12 35 $95.00 $3,325.00 Inventory, January 31 88 Total merchandise available for sale 318 $23,110.00 1. Average cost method 2. FIFO 3. LIFO
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