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Calculate ending inventory for FIFO and weighted average cost flow assumptions under both periodic and perpetual systems. Units cost/price opening inventory 10500 $4.25 Sale
Calculate ending inventory for FIFO and weighted average cost flow assumptions under both periodic and perpetual systems.
| Units | cost/price | |
| opening inventory | 10500 | $4.25 |
| Sale #1 | (7500) | $7.50 |
| Purchase #1 | 2500 | $4.45 |
| Sale #2 | (4500) | $7.75 |
| Purchase #2 | 3500 | $4.15 |
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
