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The Table Following Information Is Available About Grapevine's April 2010

Question 38

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The table following information is available about Grapevine's April 2010 inventory transactions.
? The table following information is available about Grapevine's April 2010 inventory transactions. ? Required: A) Assume that Grapevine uses a FIFO perpetual inventory system. Compute Grapevine's cost of goods sold and ending inventory in dollars at April 30, 2010. B) Assume that Grapevine uses a LIFO perpetual inventory system. Compute Grapevine's cost of goods sold and ending inventory in dollars at April 30, 2010. C) Assume that Grapevine uses a moving-average inventory system. Compute Grapevine's cost of goods sold and ending inventory in dollars at April 30, 2010. Round per-unit computations to the nearest penny.
Required:
A) Assume that Grapevine uses a FIFO perpetual inventory system. Compute Grapevine's cost of goods sold and ending inventory in dollars at April 30, 2010.
B) Assume that Grapevine uses a LIFO perpetual inventory system. Compute Grapevine's cost of goods sold and ending inventory in dollars at April 30, 2010.
C) Assume that Grapevine uses a moving-average inventory system. Compute Grapevine's cost of goods sold and ending inventory in dollars at April 30, 2010. Round per-unit computations to the nearest penny.

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