Data are available for one of the products sold by green


The following data are available for one of the products sold by Green Company, which uses a perpetual inventory system.

Oct. 1 Beginning inventory, 800 units at $2 each

5 Purchased 2,000 units at $2.50 each

10 Sold 2,500 units at $5 each

15 Purchased 1,700 units at $3 each

25 Sold 1,500 units at $6 each

  •  Calculate the total dollar amount of cost of goods sold and total dollar amount of ending inventory for October assuming FIFO is used.
  •  Calculate total dollar amount of cost of goods sold and total dollar amount of ending inventory for October assuming LIFO is used.

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Financial Accounting: Data are available for one of the products sold by green
Reference No:- TGS01249864

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