Question Details

Instructions Compute each of the following under the average-cost 



1
The following information is available for Massey Company:
Beginning inventory	600 units at €5 First purchase	900 units at €6 Second purchase	500 units at €7

Assume that Massey uses a periodic inventory system and that there are 800 units left at the end of the month.

Instructions Compute the cost of ending inventory under the
(a)	FIFO method.
(b)	Average-cost method.




2
The following information is available for Massey Company:
Beginning inventory	600 units at €5 First purchase	900 units at €6 Second purchase	500 units at €7

Assume that Massey uses a periodic inventory system and that there are 800 units left at the end of the month.

Instructions Compute each of the following under the average-cost method:
(a)	Cost of ending inventory.
(b)   Cost of goods sold. 




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help