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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 O decimal places, e.g. 2,520.) January May 1 Beginning Inventory December 31 Purchases Total Available Total Sales Ending Inventory Cost assigned on an average cost basis Cost assigned on a FIFO basis Costs assigned on a LIFO basis LA $ $ $ 95 items @ $4 395 items @ $7 490 items 355 items 135 = $380 2,765 $3,145
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