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(Solution Download) Accounting Help!


During October, Tedesco Company sold 240 units of Product R. Its beginning inventory and purchases during the month were as follows: Oct. 1st - Beginning inventory - 100 units @20, Oct. 5 Purchases were 100 units @$24, Oct. 10th purchases were 100 units @$22, Oct 15th purchases were 100 units @ $24, Oct. 20 purchases were 100 units @ $28 and Oct. 25 purchases were 100 units @ $26. I need to know how to compute the cost of goods sold under each of three methods: a. average-cost, b.LIFOand c. FIFO. I need to show the work.

 


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