The Baldrine Company made the following purchases of Component WX:

The company then undertook two contracts; one on 28 March, and the second on 31 March. Each used 1,500 units of component WX.

Show the price that would be charged to each job using each of the following methods:

a FIFO;

b LIFO;

c weighted average.

Transcribed Image Text:

Date 1 March 13 March 26 March Units purchased Cost price per unit Amount Total 1,000 12 12,000 12,000 2,000 11 22,000 34,000 500 14 7,000 41,000