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At the beginning of January a company had 76 crates of inventory with a total cost of $4,560. The company uses a perpetual inventory system.
At the beginning of January a company had 76 crates of inventory with a total cost of $4,560. The company uses a perpetual inventory system. The following information is available for the month: (Click the icon to view the transactions.) Complete the following for the month. (For weighted average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) Gross profit is $ using the FIFO inventory costing method. Data Table Gross profit is $ using the LIFO inventory costing method. Gross profit is $ using the weighted-average inventory costing method. Jan. 5 Purchase 13 Sale 18 Purchase 26 Sale 140 crates @ $ 87 each 160 crates @ $ 100 each 154 crates @ $ 91 each 200 crates @ $ 102 each Print Done
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