help me answer this...

mkrmer
Home>Homework Answsers>Business & Finance homework help>Accounting homework help
Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March 2012:

 

  DateTransactionsUnitsCost per UnitTotal Cost
  March 1Beginning inventory20       $196       $3,920        
  March 5Sale ($309 each)15         
  March 9Purchase10       217       2,170        
  March 17Sale ($364 each)8         
  March 22Purchase10       231       2,310        
  March 27Sale ($353 each)12         
  March 30Purchase8       245       1,960        
    
 
Using LIFO, calculate ending inventory and cost of goods sold at March 31, 2012. (Omit the "$" sign in your response.)

  
  Ending inventory$   
  Cost of goods sold

$

 

 

 

   

$10,360        

 

 

    • 13 years ago
    • 5
    Report issue
    Answer(1)
    Johny
    4.5 (120)
     (Not rated)
    Chat

    Purchase the answer to view it

    NOT RATED
    • date.doc
    Bids(1)
    other Questions(10)