In: Accounting
Calvin Company uses a periodic inventory system. They had the following information concerning their inventory for the month of March.
Units Cost Per Unit
Beginning Inventory (March 1) 250 $12
Purchase (March 25th) 130 $13
Purchase (March 28th) 285 $15
Sale (March 30th) 350
1. If the company uses a FIFO inventory method, what will be COST OF GOODS SOLD for the month of March? (please only enter positive numbers)
Use the same information as for Question 1 If the company uses a LIFO inventory method what will be the value of ENDING INVENTORY? (please only enter positive numbers)
Use the same information as in Question 1. If the company uses a Weighted Average inventory method, what will be the WEIGHTED AVERAGE COST PER UNIT? (please round to two decimals)