Business Focus B2C B2B Total A survey of B2B marketers (marketers that focus primarily on attracting businesses) and B2C marketers (marketers that primarily target consumers) was based on 1000 B2B….
Inventory cost and effects calculations
Inventory cost and effects calculations
You work for a large local company as the inventory manager. The company uses FIFO in accounting for inventory. In June, the company began to stock a new product, Painto. The June inventory record for Painto was:
1 Calculate, using FIFO:
a the cost of the 30 June inventory of Painto
b the COGS for Painto for June.
2 Calculate, using LIFO (either perpetual or periodic):
a the cost of the 30 June inventory of Painto
b the COGS for Painto for June.