Question
Bobcat Hospital purchased surgery kits on the following dates and for the following amounts Units Price Price ($) Total ($) January 1 beginning balance 10
Bobcat Hospital purchased surgery kits on the following dates and for the following amounts
| Units Price | Price ($) | Total ($) | |
| January 1 beginning balance | 10 | 15 | 150 |
| March 1 purchase | 30 | 14 | 420 |
| May 1 purchase | 40 | 14 | 560 |
| July 1 purchase | 10 | 13 | 130 |
| September 1 purchase | 20 | 17 | 340 |
| November 1 purchase | 10 | 17 | 170 |
| Total | 120 | $1770 | |
| Ending Inventory | 25 |
Calculate FIFO (first in, first out)
Calculate LIFO(last in, first out)
What is the Weighted Average?
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
