Assuming the periodic inventory method, compute cost of goods sold and ending inventory using the…
The following transactions took place with respect to Model M computers in Alpha s Computer
Store during April 2003:
April 1 Beginning inventory
40 computers at $1,200
5 Purchase of Model M computers.
15 computers at $1,300
11 Purchase of Model M computers.
16 computers at $1,350
24 Purchase of Model M computers.
10 computers at $1,400
30 Sale of Model M computers
32 computers at $3,000
Assuming the periodic inventory method, compute cost of goods sold and ending inventory using the following inventory costing alternatives: (a) FIFO, (b) LIFO, and (c) average cost.