Question
A company made purchases as follows. Find the inventory value using Beginning inventory 250 units at $1.50 June 500 units at $1.60 three different
A company made purchases as follows. Find the inventory value using Beginning inventory 250 units at $1.50 June 500 units at $1.60 three different methods. July 650 units at $1.10 August 250 units at $1.15 Now in inventory 450 units Find the inventory value using the weighted average method. $ (Round to the nearest cent as needed.) Find the inventory value using the FIFO method. $ (Round to the nearest cent as needed.) Find the inventory value using the LIFO method. $ (Round to the nearest cent as needed.)
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
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