Consider a company that operates a cattle feed lot that feeds cattle barley. The company has a stockpile of 5,000 tons of barley, 2,000 tons of which was bought before the Russian invasion of Ukraine for

$200

per ton and another 3,000 after for

$300

per ton. If the current price of barley is

$250

a ton, compare the cost per ton of the barley using the LIFO, FIFO, weighted average, and opportunity cost approaches.

2. Consider a company that operates a cattle feed lot that feeds cattle barley. The company has a stockpile of 5,000 tons of barley, 2,000 tons of which was bought before the Russian invasion of Ukraine for $200 per ton and another 3,000 after for $300 per ton. If the current price of barley is $250 a ton, compare the cost per ton of the barley using the LIFO, FIFO, weighted average, and opportunity cost approaches