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2. FLCL Company had the following transactions for the month: Category Number of Units Cost per Unit Beginning Inventory 150 $10 Purchased Mar. 31 160
2. FLCL Company had the following transactions for the month: Category Number of Units Cost per Unit Beginning Inventory 150 $10 Purchased Mar. 31 160 12 Purchased Oct. 15 130 15 Ending Inventory 50 ? Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. a. first-in, first-out (FIFO) b. last-in, first-out (LIFO) c. weighted average
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