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Given the Following 24 Units Are Not Sold

Question 97

Short Answer

Given the following:
 Units  Unit Cost  Dollar Cost  Beginning Inventory  Jan 1 20$8.00 A  May 10 15$11.00 B  June 30 17$20.00 C  Dec. 10 12$21.00 D \begin{array} { | l | l | l | l | l | } \hline & & \text { Units } & \text { Unit Cost } & \text { Dollar Cost } \\\hline \text { Beginning Inventory } & \text { Jan 1 } & 20 & \$ 8.00 & \text { A } \\\hline & \text { May 10 } & 15 & \$ 11.00 & \text { B } \\\hline & \text { June 30 } & 17 & \$ 20.00 & \text { C } \\\hline & \text { Dec. 10 } & 12 & \$ 21.00 & \text { D } \\\hline\end{array} 24 units are not sold.
Calculate each of the following:
 LIFO  FIFO  Weighted-Average  Cost of Ending Inventory  A  C  E  Cost of Goods Sold  B  D  F \begin{array} { | l | l | l | l | } \hline & \text { LIFO } & \text { FIFO } & \text { Weighted-Average } \\\hline \text { Cost of Ending Inventory } & \text { A } & \text { C } & \text { E } \\\hline \text { Cost of Goods Sold } & \text { B } & \text { D } & \text { F } \\\hline\end{array}

Correct Answer:

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A. $204; B. $713; C....

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