Problem 1. Oak Tree Ltd. Inventory records for a particular development program show the following a

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Problem 1. Oak Tree Ltd. Inventory records for a particular development program show the following at October 31, 2016: Oct 1

Problem 1. Oak Tree Ltd. Inventory records for a particular development program show the following at October 31, 2016: Oct 1 15 Beginning inventory 5 units @ Purchase 11 units @ 160 = Purchase 5 units @ 170 = $150 = $750 1,760 26 850 At October 31, 10 units of these programs are on hand. Oak Tree Ltd. uses the perpetual inventory system. 1. Compute cost of goods sold and ending inventory, using each of the following methods: Specific unit cost, with two $150 units, three $160 units, and five $170 units still on hand at the end. Weighted average cost First-in, first out cost

 

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