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Angela Company uses the periodic inventory system to account for inventories. Information related to Angela Company's inventory at January 31 is given below: January
Angela Company uses the periodic inventory system to account for inventories. Information related to Angela Company's inventory at January 31 is given below: January 1 Beginning inventory 400 units x $11.60 - $4,640 8 Purchase 810 units x $12.30 - 9,963 16 Purchase 615 units x $13.00 - 7,995 24 Purchase 200 units x $13.60 2,720 Total units and cost 2,025 units $25,318 Value the ending inventory using the FIFO cost assumption if 600 units remain on hand at January 31. Ending Inventory $ Value the ending inventory using the weighted-average cost method if 600 units remain on hand at January 31. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 2,520.) Ending Inventory Value the ending inventory using the LIFO cost assumption if 600 units remain on hand at January 31. Ending Inventory
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