The inventory records for Radford Co. reflected the following Beginning Inventory @ May 12,000 units @ $5.60 First Purc...

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ACCT 201-The inventory records for Radford Co. reflected

April 14, 2018

The inventory records for Radford Co. reflected the following

Beginning Inventory @ May 12,000 units @ $5.60
First Purchase @ May 72,100 units @ $5.80
Second Purchase @ May 172,300 units @ $5.90
Third Purchase @ May 231,900 units @ $6.00
Sales @ May 316,300 units @ $7.50
9. Required information
Determine the weighted average cost per unit (rounded) for May.
$5.83$5.77$5.90$7.50 10. Required information Determine the amount of cost of goods sold assuming the LIFO cost flow method.$37,800$37,150$36,540$35,280 11. Required information Determine the amount of ending inventory assuming the FIFO cost flow method.$12,000$11,990$11,200

$7,100











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