In its first month of operations Rusch BBQ made three purchases of sausages in the following sequence:

Question:

In its first month of operations Rusch BBQ made three purchases of sausages in the following sequence:
(1) 300 pounds at $6,
(2) 400 pounds at $7, and
(3) 200 pounds at $8.
Assuming there are 450 pounds on hand, compute the cost of the under the
(a) FIFO method and
(b) LIFO method.
Rusch uses a periodic inventory system.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...