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Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the
Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the year (Do not round intermediate calculations. Round final answers to decimal places, eg. 2.520.) January 1 Beginning Inventory 155 items @$4 $620 1 Purchases 455 items @ $5 2275 Total Available 610 items $2.895 Total Sales 430 items December 31 Ending Inventory 180 May Cost assigned on an average-cost basis $ $ Cost assigned on a FIFO basis Costs assigned on a LIFO basis $
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