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A. Inventory Costing Methods-Periodic Method Arrow Company is a retailer that uses the no riodic inventory system. On August 1, it had 80 units of

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A. Inventory Costing Methods-Periodic Method Arrow Company is a retailer that uses the no riodic inventory system. On August 1, it had 80 units of product A at a total cost of $1,600. O August 5, Arrow purchased 100 units of A for $2,116. On August 8, it purchased 200 units of Afu $4,416. On August 11, it sold 170 units of A for $4,800. Calculate the August cost of goods sold and the ending inventory at August 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted average cost methods. Round your final answers to the nearest dollar. LO2 SA. Inventory Costing Methods-Periodic Method The following data are for the Vista Company, which sells just one product: Unit Cost $10 Beginning inventory, January 1.. Purchases: February 11 ... May 18 ........ October 23..... Sales March 1..... July 1 ........ Units 200 500 400 100 400 380 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Round your final answers to the nearest dollar. 610ALower-of-Cost-or-Net Realizable Value Method The following data are taken from the Browning L04 Corporation's inventory accounts: Item Code ACE ....................................... BDF .......... GHJ ......... MBS.... Quantity 100 300 400 200 Unit Cost Net Realizable Value $27 $25 29 31 22 18 27 Calculate the value of the company's ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory. L04 P6-3A. Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Daley Cor- poration's inventory accounts: Item Code Quantity Unit Cost Net Realizable Value $18 100 300 $22 31 36 Product 1 ZKE. ZKF Product 2 MNJ.. MNS ... 400 22 250 31 Calculate the value of the company's ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory

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