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AWAJ Ltd uses the periodic inventory method and had the following inventory information available: Date Detail Units Unit Cost 1/2/2020 Inventory 4500 90 6000 92
AWAJ Ltd uses the periodic inventory method and had the following inventory information available: Date Detail Units Unit Cost 1/2/2020 Inventory 4500 90 6000 92 5/2/2020 Purchase 14/2/2020 Purchase 19/2/2020 Purchase 2500 96 3300 98 A physical count of inventory on 28 February 2020 revealed that there were 4000 units on hand. Ignore GST. Answer the following independent questions. Round all answers to nearest $. 1. Assume that the company uses the FIFO method. The value of the ending inventory at 28 February 2020 is $. 2. Assume that the company uses the average cost method. The value of the ending inventory on 28 February 2020 is $. 3. Assume that the company uses the LIFO method. The value of the cost of sales on 28 February 2020 is $
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