Hamilton Company uses a periodic inventory system. At the end of the annual acco
ID: 2387891 • Letter: H
Question
Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2012, the accounting records provided the following information for product 1:Inventory, December 31, 2011: Units 2,000 @ $5
For the year 2012:
Purchase March 21: Units 6000 @ $4
Purchase August 1: Units 4000 @ $2
Inventory 12/31/2012: Units 3000
Required:
Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods
Please include explanations on how to calculate.
Explanation / Answer
no it doesn't help, give the answers of the question asked biatcch
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