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3. Jules started a business on January 1, 2020. His purchases and sales are as follows: What is Jules ending inventory using FIFO, LIFO, and
3. Jules started a business on January 1, 2020. His purchases and sales are as follows: What is Jules ending inventory using FIFO, LIFO, and Weighted Average cost flow assumptions? Sales Quantity Price Per Unit Purchases Cost Per Quantity Unit 300 59.50 200 S10.50 250 $15.00 Date January May 1 May 15 July 1 August September 1 October November December 1 400 500 $1.00 S12.50 600 $17.00 300 $10.00 200 100 $17.00 $18.00
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