Question

In: Accounting

Tinker Bell Company has the following Unit Unit cost Inventory January 1, 2011` 8,000 SR 11...

Tinker Bell Company has the following

Unit

Unit cost

Inventory January 1, 2011`

8,000

SR 11

Purchase June 19th, 2011

13000

SR 12

Purchase November, 18th 2011

5000

SR 13

Requirements: If the tinker company has 9,000 units on hand at December 31st 2011, Find the value of cost of goods sold through FIFO, LIFO and Average method and total cost of ending inventory as well.

Solutions

Expert Solution

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

ekkarill92 answered 1 year ago
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