Unformatted text preview: 3. Using the LIFO inventory method, what is cost of goods sold for September? 4. Using the LIFO inventory method, what is the value of ending inventory on September 30? 5. Using the average-cost method, what is the amount allocated to the ending inventory on September 30? A physical count of merchandise inventory on September 30 reveals that there are 250 units on hand....
View Full Document
- Spring '11
- FIFO and LIFO accounting, $750.00, $200.00, $350.00, $450.00, $ 2.00 2.50 3.00 1.75