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132. Beginning inventory, purchases, and sales for an inventory item are as follows: Purchases Cost of Goods Sold Inventory Event Total Unit Total Cost Cost
132. Beginning inventory, purchases, and sales for an inventory item are as follows: Purchases Cost of Goods Sold Inventory Event Total Unit Total Cost Cost Qty Unit Total Cost Cost QTY Bought Qty Unit Cost sold Cost 755 Beginning Inventory First Sale First Purchase 150 120 400 785 200 Second Sale Second Purchase 300 Sale 805 290 The firm uses the perpetual inventory system and there are 240 units of the item on hand at the end of the year A. B. C. What is the total cost of ending inventory according to FIFO? What is the cost of ending inventory according to LIFO? What is the cost of ending inventory using weighted average cost, Round to the nearest dollar
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