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$40 Flower Company had the following transactions for the month. Number of Units Cost per unit Beginning Inventory 500 Purchased apr 30 600 45 Purchased

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$40 Flower Company had the following transactions for the month. Number of Units Cost per unit Beginning Inventory 500 Purchased apr 30 600 45 Purchased apr 15 650 Purchase dec 10 700 Totals (goods available) 2450 Ending Inventory 550 40 Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations, 1. first-in, first-out (FIFO) 2. last-in, first-out (LIFO) 3. weighted average (AVG)

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