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Bg Sammies Sales, Inc. had the acquisition schedule below in December. During the month of december the company sold 3000 units. Units Purchased Units cost
Bg Sammies Sales, Inc. had the acquisition schedule below in December. During the month of december the company sold 3000 units.
Units Purchased Units cost $
dec. 3- 900 units | $50 |
dec. 8 1200 units | $56 |
dec.19 1500 units | $60 |
dec. 23 1000 units | $62 |
REQUIRED: Assuming Big Sammies Sales, Inc. uses a periodic inventory system, calculate the amount of ending inventory under each of the following pricing methods: first-in, first-out; last-in, first-out; and weighted average. (Hint: calculate the Ending Inventory)
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