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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- Winter '10
- inventory turnover ratio, FIFO and LIFO accounting