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During June, the following changes in inventory took place, what is the cost of the ending inventory under the following methods? (Show calculations, round to
During June, the following changes in inventory took place, what is the cost of the ending inventory under the following methods? (Show calculations, round to 2 decimal places if necessary.)
June 1 Balance 1,400 units @ $24
8 Sold 400 units @ $50
10 Sold 600 units @ $40
14 Purchased 800 units @ $36
24 Purchased 700 units @ $30
29 Sold 500 units @ $44
- Perpetual, LIFO
- Perpetual, FIFO
- Periodic, FIFO
- Periodic, LIFO
- Periodic, average cost
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