Nemeyer Company made the following materials purchases and issues during January.

Required:
Compute the cost of materials consumed and the cost assigned to the inventory at the end of the month, using a perpetual inventory system combined with each of the following:
(1) Average costing, rounding unit costs to the nearest cent
(2) Fifo costing
(3) Lifo costing

Transcribed Image Text:

Units Price 500 $1.20 200 400 500 560 400 Inventory: Jan, 1.... Receipts Jan. 6 10 25 1.25 1.30 1.40 Jan. 15 27