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4. On November 1, La cy Company began business with the purchase of 250 units of inventory for $21,625. During the month, Lacy had the
4. On November 1, La cy Company began business with the purchase of 250 units of inventory for $21,625. During the month, Lacy had the following inventory transactions Date November 6 Purchased 100 units $75 per unit 24 28 30 Sold 200 units Sold 85 units Purchased 100 units $125 per unit Purchased 50 units @ $110 per unit Sold 100 units Required: Compute the cost of the inventory at the end of November under the following alternativ a. FIFO periodic b. FIFO perpetual c. LIFO periodic d. LIFO perpetual e. Weighted average (round unit costs to 2 decimal places) f. Moving average (round unit costs to 2 decimal places)
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