question beginning inventory is 50 000 cost of goods purchased is 70 000 and cost of 4305290

question beginning inventory is 50 000 cost of goods purchased is 70 000 and cost of 4305290

Question

Beginning inventory is $50,000, cost of goods purchased is $70,000, and cost of goods sold is $90,000. What is ending inventory?

Cost of goods purchased is $30,000, ending inventory is $20,000, and cost of goods sold is $60,000. What is beginning inventory?

Cost of goods sold is $80,000, ending inventory is $30,000, and beginning inventory is $20,000. What is cost of goods purchased?

Feb 5 – 200 units @ $2.00 each = $400

Mar 6 – 500 units @ $4.00 each = $2,000

Apr 9 – 400 units @ $6.00 each = $2,400

Jun 7 – 300 units @ $7.00 each = $2,100

On June 30, there are 350 units in ending inventory.

What is the value of ending inventory using FIFO?

what is the value of ending inventory using LIFO?

what is the COST OF GOODS SOLD using average cost?

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