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Brief Exercise 6-3 In its first month of operations, Teal Company made three purchases of merchandise in the following sequence: (1) 287 units at NT$177,
Brief Exercise 6-3 In its first month of operations, Teal Company made three purchases of merchandise in the following sequence: (1) 287 units at NT$177, (2) 417 units at NT$194, and (3) 210 units at NT$208. Teal uses a periodic inventory system. Assuming there are 463 units on hand, compute the cost of the ending inventory under the FIFO method. The cost of the ending inventory NT$ Assuming there are 463 units on hand, compute the cost of the ending inventory under the average-cost method. (Round average cost and final answer to 2 decimal places, e.g. 1.25.) The cost of the ending inventory NT$1
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