Unformatted text preview: the cost of goods sold monthly: A. Calculate cost of goods sold for the month ended May 31, 2009 based on each o the following methods: 1. FIFO 2. LIFO 3. Weighted Average B. Compute the ending inventory at May 31, 2009 using each of the following above methods C. Compute the inventory turnover ratio based on each of the above inventory methods. D. Compute the number of days for inventory turnover based on the above inventory methods and computations....
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This note was uploaded on 09/08/2011 for the course ACCOUNTING 101 taught by Professor Bayne during the Winter '10 term at Berkeley.
- Winter '10