A business purchased inventory stock four occasions. Purchased 3500 units at a local cost 8,050; purchased $3000 units cost of 7,110; purchased 4,000 units at a total cost 9600 and sold 5995 units total price 24,760.
Match the inventory method with the correct cost of sales and correct inventory
The inventory methods are :
weighted average method $14,149
first in first out method for cost of sales equals $13,963
weigjtee average method for the value of the inventory equals $10,612
First in front method for the value of inventory equals $10,797