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Akira Company had the following transactions for the month. Beginning inventory Purchased Mar. 31 Purchased Oct. 15 Ending inventory Number of Units 150 160 130
Akira Company had the following transactions for the month. Beginning inventory Purchased Mar. 31 Purchased Oct. 15 Ending inventory Number of Units 150 160 130 50 Cost per Unit $10 12 15 ? 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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